16 November 2017

Angola: New Customs Tariff Intended to Promote Economic Growth

Luanda — The exemption from Customs duty for all goods that play a part in the national production process, including raw material and equipment for the sectors of agriculture and industry will promote Angola's economic growth.

The new Harmonised Customs Tariff, whose draft document is to be analysed this Friday by the Parliament, also outlines tax exemption on medicines and hospital material that are not produced in Angola, informed on Wednesday the Customs Services director of the General Tax Administration (AGT), Inalda Manjenje, at a press conference.

She explained that with the exemption of taxes on some products the authorities intend to avoid the contraband of some goods.

The same source disclosed that there will also be an expansion of the taxation base, measures to reduce bureaucracy and the possibility of frauds.

In the framework of the reform being implemented in the country's taxation system, since the beginning of the present year some products have had the tax levied on them increased with aim of protecting national production.

Angola

Sonangol to Increase Fuel Storage Capacity in Cabinda

The Angolan National Oil Company (Sonangol) is to increase by next year its stocking capacity, in Cabinda province, from… Read more »

Copyright © 2017 Angola Press Agency. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 900 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.