ANIP
Aguinaldo Jaime enhances value of the tax incentives
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Luanda - The president of the Reorganization Commission of the National Agency For Private Investment (ANIP), Aguinaldo Jaime, pointed out last April 23rd, that the customs tax exemption as one of the most viable measures to stimulate the investors to collaborate each time more with the Government.
In declarations to the press outside the sphere of the conference on the Re-launching of the Transforming Industry, Aguinaldo Jaime referred that this policy will motivate more national and foreign entrepreneurs to invest in the country, over all in the less developed or more fustigated by the war areas.
“This implies that the State will have to make a multi criteria selection, which means, give exemptions to activity sectors that we consider strategic and that are involved in several Government projects”, he said.
The Government, he added, approved a new customs tariff that reserves incentives to some products in the perspective of promoting their internal production, penalizing finished products that can be produced in the country, creating softer taxation systems raw materials and intermediate goods.
“We have a Tax incentives Law. The country is divided in three regions, namely most developed that corresponds to the coast (A), the less developed (B) and the most remote (C), that was the most affected by war and the one that needs to be reconstructed quicker”, sustained.
Aguinaldo Jaime advanced that in function of the projects located in these regions there are incentives that can reach the fifteen years of industrial tax exemption and others.
“We will try to review all these mechanisms and to place them at the service of the Government strategy, inherent to the country re-industrialization, economy diversification and increase of the internal production, so that it is possible to substitute the imports by exports of national products to the neighbouring markets and even others”, emphasized.
Therefore, he continued, “it is that exercise that is on the way and that we believe to have finish very soon to send to the Government convinced that it will be one more instrument to boost the re-activation of the national industry”.
In his understanding, there is a panel of attractive and all-embracing incentives to protect the industries being born and the entrepreneurs who implement projects for the improvement of the life conditions for Angolans.
Regardless of this, he enhanced the responsible, the country current situation has been, so far, considered by investors as attractive enough to apply their capitals and to collaborate with the Government in its strategy of re-launching of the industry, judging by the position of the private sector during the present year.
“We are in a market economy and we cannot impose to the investors the areas where they can probably act. What the State can do is create incentives in order to make the private investor to feel bigger inclination to invest in areas that are considered as primary”, he reminded.
According to Aguinaldo Jaime, Angola cannot depend only on the diamonds and oil industries; therefore it is needed to speed up the diversification strategy for industrial sector in order to prevent that national income is affected when the prices of those products go down again.
Aguinaldo Jaime considers however that the biggest incentive is peace, the economic and political stability that the country lives. “This motivates any entrepreneur to invest in Angola, for what the tax exemption is one more incentive to join the already existing ones”.
Held in the Convention Center of Talatona (CCT) by the Ministry of Industry, the conference on the “Re-launching of Transforming Industry 2009/2012”, counted with the participation of Government members, provincial representatives, entrepreneurs, contractors and banking corporations.
