Recent Legislation


Dispatch 29/17: Approves the Registration Returns for the Petroleum Sector


Joint Executive Decree 9/17: Approves the duties to be charged for the issuing, substitution and renewal of Registration Titles on the Construction Sector


Law 22/16: Approves the National Budget for 2017, including revoking the special contribution for bank operations
Tax Calendar FEBRUARY
Tax Deadline Description Return

CIT - Withholding Tax (II) 27/02/2017   Assessment and payment of the tax withheld on services paid in the previous month   (i)

Real Estate Income Tax
27/02/2017   Assessment and payment of the tax withheld on rents paid in the previous month   (i)

Stamp Tax (IS) 27/02/2017   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) 27/02/2017   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) 27/02/2017   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
27/02/2017   Payment of the IRT withheld on the remuneration and fees paid to, respectively, employees and self-employees last month.   (i)

Social Security (SS) 10/02/2017   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

Currency Buy Sell

ZAR 12.295 12.414

EUR 184.479 186.286

USD 165,081 166,725

Barrel Oil Price


$55,12     0.07    0.13%

2016.12.07 end-of-day

Source: Ministry of Finance


Month Monthly Accumulated Year-on-Year Change  

December 2,17 41,95 41,95

November 2,13 38,93 41,15

October 1,79 36,03 40,04

Source: BNA