Recent Legislation

	Presidential Decree 86/18: 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

	Executive Decree 40/18: Approves the legal forms for the payment of monthly taxes

	Executive Decree 49/18: Extends the deadline to pay the Car Duty of 2017 for April 30th, 2018

	Presidential Legislative Decree 3/18: Approves the new Tariff Code

	Law 5/18: Approves the new Competition Law, that provides the set of principles and rules regulating competition

	Presidential Legislative Decree 5/18: Establishes the juridical regime about Additional Research Activities in Development Areas of the Oil Concessions

	Presidential Legislative Decree 6/18: Defines the incentives and the procedures to adapt the tax and contractual provisions applicable to the Qualified Marginal Zones

	Presidential Legislative Decree 7/18: Establishes the tax and juridical regime applicable to the prospection, research, evaluation, development, production and sales activities of natural gas in Angola

	Dispatch 135/18: Extends to June, 30th the deadline to file the 2017 Corporate Income Tax return (Modelo 1) of Taxation Groups A and B of Corporate Income Tax

Tax Calendar April - May

	Tax		Deadline		Description		Return

	CIT - Withholding Tax (II)		29/06/2018 31/07/2018		Assessment and payment of the tax withheld on services paid in the previous month		(i)

	Real Estate Income Tax (IPU)		29/06/2018 31/07/2018		Assessment and payment of the tax withheld on rents paid in the previous month		(i)

	Corporate Income Tax – Group A and B (CIT)		30/06/2018		Filing of the 2017 Annual Tax Return for Group A and B taxpayers

	Stamp Tax (IS)		29/06/2018 31/07/2018		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)		29/06/2018 31/07/2018		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)		29/06/2018 31/07/2018		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)		29/06/2018 31/07/2018		Payment of the IRT withheld on the remuneration and fees paid to, respectively, employees and self-employees last month.		(i)

	Social Security (SS)		08/06/2018 10/07/2018		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 (01/06/2018)

Currency

Buy

Sell

ZAR

18,805

18,903

EUR

277,45

278,145

USD

237,971

238,485

Barrel Oil Price

Brent

$77.59    0.09      0.12%

2018.05.31 end-of-day

Source: Ministry of Finance

Inflation

Month

Monthly

Accumulated

Year-on-Year Change

April

1,22

5,50

20,22

March

1,44

4,23

20,90

February

1,26

2,73

21,47

Source: BNA

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