#15 NEWSLETTER

Recent Legislation

 

Law 3/18: Law that approves the National Budget for 2018 (OGE 2018)

 

Warning 3/18 (BNA): Establishes the set of banking minimum services exempt of bank charges

 

Presidential Decree 81/18: Creates the Agency for Private Investment and Export Promotion (AIPEX), in substitution of UTIP, APIEX and UTAIP

 

Other matters/Alerts: We would like to alert you to the deadlines for filing of the Annual Corporate Income Tax Return, as well as the payment of the tax computed in such return. We are, as always, available to support you on this task.

Also, during the month of April, runs the deadline for filing the RENT return, mandatorily online. Please, feel free to contact us for any support.
Tax Calendar April - May
Tax Deadline Description Return

Corporate Income Tax – Group B (CIT) 30/04/2018   Filing of the 2017 Annual Tax Return for Group B taxpayers    

Corporate Income Tax – Group A (CIT) 30/05/2018   Filing of the 2017 Annual Tax Return for Group taxpayers    

CIT - Withholding Tax (II) 30/04/2018
31/05/2018
  Assessment and payment of the tax withheld on services paid in the previous month   (i)

Real Estate Income Tax
(IPU)
30/04/2018
31/05/2018
  Assessment and payment of the tax withheld on rents paid in the previous month   (i)

Stamp Tax (IS) 30/04/2018
31/05/2018
  Payment of the IS assessed in the last month, being the most relevant one the 1% IS due on invoices/receipts issued in the previous months related to invoices received   (i)

Investment Income Tax (IAC) 30/04/2018
31/05/2018
  If any IAC on income liable to the
same was assessed/withheld in the previous month, the tax should be paid this month
  (i)

Consumption Tax (IC) 30/04/2018
31/05/2018
  Payment of the IC assessed in
all the invoices received last month for services rendered and in goods produced and sold last month (IC is assessed on cost of goods produced)
  (i)

Employment income Tax
(IRT)
30/04/2018
31/05/2018
  Payment of the IRT withheld on the remuneration and fees paid to, respectively, employees and self-employees last month.   (i)

Social Security (SS) 10/04/2018
10/05/2018
  Payment of the SS assessed (8%) and withheld (3%) to the employees last month.   (ii)

(i) Payment Return (DLI)
(ii) Remuneration Schedule and Payment Letter
Nota: Values in foreign currency are converted to local currency using the average exchange rate of the last quarter

Other Relevant Information

Foreign Exchange Rates (01/03/2018)

Currency Buy Sell

ZAR 18,143 18,217

EUR 264,047 264,709

USD 213,890 214,357

Barrel Oil Price

Brent    

$70.27    0.74      1.05%

2018.04.01 end-of-day

Source: Ministry of Finance

Inflation

Month Monthly Accumulated Year-on-Year Change  

February 1,26 2,73 21,47

January 1,39 1,39 25,15

December 1,13 26,26 26,26

Source: BNA

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