#2 NEWSLETTER

Recent Legislation

 

Law 16/16: Lawyers’s Companies and Associations Law, that provide for the legal regime applicable to the form of incorporation, organization and operating of such companies and associations

 

Presidential Decree 203/16: Approves the Regulation related to Driver’s License Schools and Legal Qualification to Drive

 

Presidential Decree 198/16: Approves the Regulation related to Registration and Certification of State Suppliers

 

Presidential Decree 197/16: Approves the Regulation related to the Procedures for Acquisition or Onerous Lease of any rights over Real Estate Assets

 

Law 13/16: Law that creates the basis for the Administrative Organization of the Angolan Territory

 

Warning 11/16 (BNA): Defines the procedures and requirements of the information related with the opening and closing of Agencies and Dependencies to be reported to the Angolan Central Bank (BNA)

 

Warning 12/16 (BNA): Provides the rules and procedures to be observed in the trading of financial products and services

 

Warning 13/16 (BNA): Provides the duties of information to be observed n the scope of the activity of reception of deposits by Banks and non-Banks Financial Institutions
Tax Calendar OCTOBER
Tax Deadline Description Return

CIT - Withholding Tax (II) 30/10/2016   Assessment and payment of the tax withheld on services paid in the previous month   (i)

Real Estate Income Tax
(IPU)
30/10/2016   Assessment and payment of the tax withheld on rents paid in the previous month   (i)

Stamp Tax (IS) 30/10/2016   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) 30/10/2016   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) 30/10/2016   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)
30/10/2016   Payment of the IRT withheld on the remuneration and fees paid to, respectively, employees and self-employees last month.   (i)

Social Security (SS) 10/10/2016   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 12.060 12.176

EUR 184.464 186.276

USD 165,067 166,718

Barrel Oil Price

Brent    

$47.04 -0.02 -0.04%

2016.10.04 end-of-day

Source: Ministry of Finance

Inflation

Month Monthly Accumulated Year-on-Year Change  

August 3,30 30,85 38,18

July 4,04 26,66 35,30

June 3,27 21,74 31,80

Source: BNA

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