Angola: Lower duties and taxes to boost demand

The commercial director of Angolan construction compant Fermat said that lower import duties and taxes will boost the country's infrastructure spend. [$]

{reg}[PAID={"id":"1,2,3,4,5","title":"The content you tried to access is only available to paid subscribers.","link":"1"}] Angolas Council of Ministers have passed a resolution to exempt construction materials from import duties and consumption taxes, according to Angop.

The government hopes the move will reduce the cost of building low cost housing in the country.

One individual close to the legislation stated: "This waiver of taxes on construction materials will help mainly those who are integrated in the construction of housing for low-and middle-income individuals." {/reg{