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Home Economy

Angola customs tariff exempts 37% of import tax

FurtherAfrica by FurtherAfrica
March 21, 2024
in Africa, Angola, Economy, Fiscal Policy
Reading Time: 2 mins read
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The 2022 Customs Tariff version, to come into force on 3 April this year includes a 37% exemption from import tax, representing a balance at Southern African Development Community (SADC) level.

According to the head of the Tariffs and Customs Trade Department of the General Tax Administration, Ângelo Silva, there has been relief on all products that have to do with agricultural inputs, industrial equipment, roads and cars, in order to make it easier for national production to continue to grow.

Also read: Angola ATM cash withdrawal rate rises to 2.5 percent

Speaking at the workshop on the new Customs Tariff, held this Tuesday in Luanda, Silva stressed that the document has a set of 5,953 tariff lines, bringing changes to international trade in the harmonised system version 2022 and at national level.

He added that the customs instrument also includes a reduction in import taxes on soft drinks, from 60 to 50%, footwear, from 30 to 20%, mobile phones (10 to 2 per cent), among others.

In turn, the import technician of the SociFarma company, João Quintas highlighted the change of the new customs tariff as a factor that will make it possible to submit the dispatch and pick up the goods.

On the other hand, the technician from Sistec company, Etelvino José praised the alleviation of taxes from the technological products at around 10%, such as mobile phones and expects that the custom tariff corresponds to the expectations of the operators, as well as of the society by facilitating the imports.

With the new custom tariff, the personal use goods costing above 1 million will now be taxed at 16%, while products that exceed the equivalent of 1.5 million kwanzas will be taxed under the general regime.

This personal use goods should not be taken by persons under 18 years of age and includes only one litre of spirits, two litres of wine, 200 cigarettes or 250 grams of net weight tobacco, among others.

Available data shows that the tariff has a total of 5,953 tariff lines that have been organised into four intervention groups, the first of which refers to agricultural inputs and raw materials for the production sector.

Also read: Angola family farmers to harvest over 100 tons of cotton

The second group is intermediate products and capital goods, depending on their characteristics, with a reduced rate of between 2 and 10%.

In the third group, current consumer goods, the idea is 10 and 30%, and finally, sensitive products that affect health and the environment, 40 and 60% are proposed.

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Source: Angop
Tags: Ângelo SilvaAngolaAngola customs tariff exempts 37% of import taxCustoms Tariff versionEconomyenvironmentHealthimport taxJoão Quintasmobile phonesSociFarma companySouthern African Development Community (SADC)Taxанголаأنغو3لاアンゴラ安哥拉
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