Re-export of basic basket products in Angola penalised with a rate of 20%

18 July 2019

The products exempted from import duties in Angola in the 2017 Customs Tariff version are penalised with a rate of 20% in case of re-export to other countries, a General Tax Administration (AGT) official said on Wednesday in Luanda.

Pedro Ribeiro, head of the AGT Standards and Procedures Department, said that many importers who benefit from the free import duty on these products, namely the basic basket, sell the goods to the Democratic Republic of Congo through the Luvu border market.

“The Customs Tariff applies a rate of 20% to discourage the sale of goods to neighbouring countries, because the products benefit from tax exemptions for the domestic market, to help reduce poverty in the country,” he said, on the sidelines of a seminar on “Customs Procedures and Trade Facilitation Measures.”

“It does not make sense that goods that have been imported for that purpose, then exit (the country) without suffering any penalty,” said Ribeiro, quoted by the Angop news agency. (Macauhub)