Angola: Government Hikes Fuel Export Taxes

Luanda — The Angolan government will change the export rates and surcharges for oil derivatives, to mitigate the negative impact of illegal fuel exports on the economy and the subsidy that these derivatives benefit from in Angola.

The Legislative Authorisation Bill that authorises the President of the Republic, as Holder of the Executive Power, to legislate on fiscal matters for the Alteration of Fuel Export Duties was unanimously approved today in the Parliament.

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