By means of Law no. 16/21, of 21 July, Angola approved of a new Excise Duty Law, that will enter into force on 20 August 2021.
The creation of the excise duty represents an important instrument of social policy aimed at the reasoning and orientation of behaviors related to the exacerbated consumption of goods harmful to public health, superfluous and luxurious, considered non-essential for subsistence.
According to the law's preamble, it tackles the need to respond to the economic difficulties faced by the national beverage production industry due to the exchange rate devaluation and the reduction in the buying power of national companies and families.
The excise duty will be charged on national and imported goods, such as:
• Alcohol (15%)
• Carbonated and alcoholic drinks (3% to 8%)
• Tobacco and manufactured substitutes (25%)
• Fireworks (19%)
• Jewelry (15%)
• Motor vehicles, including cars, buses, planes, boats (5% to 20%)
• Firearms (50%)
• Paintings, drawings, and pastels (5%)
• Petroleum products, including petrol and diesel (2% to 5%)
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