imageAngola | Law No. 18/19, of 13 August 2019

Amendment of the Excise Duty Code

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Law No. 18/19, of 13 August 2019 In the context of the first evaluation of the Extended Funding Program agreed between the Government of the Republic of Angola and the International Monetary Fund (IMF) and for the purpose of the budgetary adjustments recently approved by the National Assembly, some legislative measures to boost non-oil tax revenue in the short term were considered. Excise Duty represents an important instrument for rationalizing consumption and at the same time collecting revenues, as it has a monophasic nature, being levied on specific goods and applied once and in a single phase of the economic circuit, namely in production or importation, and for having non-fiscal purposes consisting in increased taxation on superfluous, luxury or harmful to public health goods. Facing the need to make adjustments to the Excise Duty Regime, approved by Law No. 8/19 of 24 April 2019; The National Assembly approves, by the mandate of the people, under the combined provisions of subparagraph 1 (o) of Article 165 and subparagraph 2 (d) of Article 166, both from the Constitution of the Republic of Angola, the following: LAW THAT AMENDS THE LAW APPROVING THE EXCISE DUTY CODE