Used Car Export Country Guide (2023) Africa - Angola
创建于2024.09.04
Used Car Export Country Guide (2023)-Angola
(1) Basic situation
The Republic of Angola (referred to as Angola) is located in southwest Africa, with the capital Luanda, with a land area of 1.247 million square kilometers and a population of 37.36 million. According to the International Monetary Fund, as of October 2023, Angola’s GDR is US$93.8 billion. , the GDP growth rate is 1.3%, and the per capita GDP is 2550 US dollars. Angola is China's second largest trading partner in Africa. In 2023, the bilateral trade volume between China and Angola was US$23.049 billion, a year-on-year decrease of 18.6%. Among them, China’s exports to Anshan were US$4.14 billion, a year-on-year increase of 12%, and China’s imports from Anji were US$18.9 billion, a year-on-year decrease of 23%. China mainly imports crude oil from Angola and exports mechanical and electrical products, steel and its products, footwear, etc. to Angola. Angola is rich in oil, natural gas and mineral resources. Proven recoverable oil reserves exceed 12.6 billion barrels, remaining recoverable reserves are approximately 9 billion barrels, and natural gas reserves reach 7 trillion cubic meters.
2. Automobile Market Situation
Angola's automobile industry has a weak foundation, and its automobile market mainly relies on imports. After the international oil price fell in 2015, the oil-dependent Angolan economy continued to decline. The shortage of new car supply and insufficient purchasing power made the Angolan people mainly rely on second-hand cars imported from overseas as substitutes for new cars. In 2023, driven by an improving economic environment and a sharp peak in interest rates, Angola's automobile market will recover rapidly. Angola's annual automobile sales in 2023 will reach 81,000 units, a year-on-year increase of 109.7%. At the same time, Chinese automobile brands are gradually gaining recognition in the Angolan market. Geely, Changan, Jietu, GAC, Dongfeng, etc. have entered the Angolan market. At the beginning of 2024, Great Wall Motors officially entered the Angolan market. At a relevant ceremony, the local Secretary of State for Commerce Amadou expressed the hope that more high-quality Chinese cars will enter the Angolan market, and he also hopes that Chinese cars will build automobile assembly production lines in Angolan to promote local employment. And radiate to the nearby African automobile market. In recent years, the Angolan government has issued policies to promote clean energy and sustainable development, and has encouraged the promotion of electric vehicles by providing subsidies for the purchase of electric vehicles. The Angolan electric vehicle market has experienced significant growth.
(III) Policies and regulations on the import of used cars
China's Used Car Export Country Guide (2023)
1. Import policy
Angola allows the import of used light vehicles within 6 years of the first registration date and heavy transport vehicles within 10 years, and the maximum age of large buses is not allowed to exceed 6 years. At the same time, before importing used cars into Angola, it is necessary to provide a pre-shipment inspection (PSI) issued by the competent authorities of the country of origin of the vehicle with a validity period of not less than 6 months to prove the technical status of the vehicle and its compliance with emission regulations.
The import of used cars in Angola is divided into two modes: temporary import and final import. Diplomats in Angola usually use temporary import, while final import is applicable to vehicles that are imported for resale or personal use.
2. Tax policy
Used cars imported into Angola are subject to customs duties and value-added tax. The customs duties are determined according to the type of vehicle imported, while the value-added tax is determined according to the type of fuel and displacement of the vehicle, as follows:
For temporarily imported vehicles, Angola allows the vehicle to stay in the port for 2 years, and can be extended for one year, but it is required to pay 40-45% of the CIF price as an agreed deposit, which will be returned when the vehicle is re-exported. For permanently imported vehicles, the tariff is 10% (5% for pickup trucks), and the corresponding value-added tax needs to be added. In particular, the vehicle should be cleared upon arrival at the Port of Luanda. If it is cleared more than 30 days after arriving in Angola, a fee of 5% of the CIF price will be charged.
Value-added tax: Different tax rates such as 10%, 20%, and 30% apply depending on the type of vehicle and displacement. For example, gasoline engines below 1500ml are subject to a 10% tax rate; those between 1500 and 3000ml are subject to a 20% tax rate; and those greater than 3000ml are subject to a 30% tax rate.
In particular, vehicles should be cleared upon arrival at the port of Luanda. If customs clearance is delayed more than 30 days after arrival in Ambola, a fee of 5% of the landed price will be charged.
3. Documents required for import
• Original purchase invoice
• Copy of entry visa
the name, position and company of the person who will be receiving the vehicle hired by the company )
• Passport – photocopy with Angola entry visa stamp
• Copies of your Contributor Card and Resident Card
• Declaration of Value signed by the shipper
• Packing list – English or Portuguese
•Tax number (import license)
• Copy of air ticket showing a valid return coupon
• If the vehicle is imported for a company, an import permit is required
Source: China Used Car Export Country Guide 2023
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