Recent Legislation


Rectification 11/18: Rectifies Presidential Decree 86/18 that establishes the rules and procedures for the tenders to acquire the quality of Associate of the National Concessionaire and for the tenders to contract the acquisition of goods and services in the Oil Sector


Law 9/18: Approves the Financial Resources Law, establishing the terms and conditions to repatriate financial funds domiciled outside the country, as well as the tax, foreign exchange and criminal juridical effects of the voluntary repatriation of such funds, as well as of the non-legal resources kept outside the country


Law 10/18: Approves the Private Investment Law, providing for the principles and basis of private investment in Angola, namely State benefits granted to private investors, as well as the conditions to use such benefits, and rights, duties and guaranties of the investors


Warning 5/18 (BNA): Provides for the rules and procedures to observe on foreign Exchange operations to settlement of importation and exportation of goods in Angola
Tax Deadline Description Return

CIT - Withholding Tax (II) 31/08/2018
  Assessment and payment of the tax withheld on services paid in the previous month   (i)

Real Estate Income Tax
  Assessment and payment of the tax withheld on rents paid in the previous month   (i)

Stamp Tax (IS) 31/08/2018
  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) 31/08/2018
  If any IAC on income liable to the
same was assessed/withheld in the previous month, the tax should be paid this month

Consumption Tax (IC) 31/08/2018
  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)

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

Social Security (SS) 10/08/2018
  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 (03/08/2018)

Currency Buy Sell

ZAR 19,286 19,341

EUR 300,618 301,371

USD 258,796 259,422

Source: Ministry of Finance

Barrel Oil Price


$73.21    -0.24      -0.33%

2018.08.03 end-of-day

Source: Ministry of Finance


Month Monthly Accumulated Year-on-Year Change  

July 1,26 8,19 19,52

May 1,27 6,85 19,84

April 1,22 5,50 20,22

Source: Ministry of Finance