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Recent Legislation
Resolution 38/16: Approval for adherence to the Convention about the Recognition and execution of foreign arbitration sentences, celebrated in June, 10 of 1958 in New York, USA | ||
Law 12/16 (Conflicts Mediation and Conciliation Law): Approval of the Conflicts Mediation and Conciliation Law, which provides the rules about the constitution, organization and procedure of mediation and conciliation while mechanisms of alternative resolution of conflicts, applicable to civil, commercial, labour, family and penal litigations | ||
Approval Letter 1/16: Validates the Agreement between the Government of the Republic of Angola and the Government of the Republic of Mozambique about the facilitation of visas in Ordinary Passports and guarantees that it will be rigorously observed | ||
Presidential Decree 153/16: Approval of the Regulation about the Special Procedures for the Immediate in-person and on-line Registration of Commercial Companies | ||
Presidential Decree 154/16: Provides for the penalties juridical regime related to transgressions to the Labour Law and related legislation | ||
Presidential Decree 154/16: Approves the legal regime for the Domestic Labour and Social Protection of the Domestic Worker |
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Executive Decree 348/16: Approves the Industrial Licensing Duties Schedule |
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Adherence Letter 6/16: Validates the International Convention for the Simplification and Harmonization of the Customs Regimes and guarantees that it will be rigorously observed | ||
Presidential Decree 154/16: Approves the Agreement between the Government of the
Republic of Angola and the Government of the United States of America to improve the compliance of tax obligations and
implementation of the Foreign Account Tax Compliance Act (FACTA) |
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Tax Calendar September
Tax | Deadline | Description | Return | |||||
CIT - Withholding Tax (II) | 30/09/2016 | Assessment and payment of the tax withheld on services paid in the previous month | (i) | |||||
Real Estate Income Tax (IPU) |
30/09/2016 | Assessment and payment of the tax withheld on rents paid in the previous month | (i) | |||||
Stamp Tax (IS) | 30/09/2016 | 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) | 30/09/2016 | 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) | 30/09/2016 | 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) |
30/09/2016 | Payment of the IRT withheld on the remuneration and fees paid to, respectively, employees and self-employees last month. |
(i) | |||||
Social Security (SS) | 09/09/2016 | 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 |
Outra InformaÇÃo Relevante / Other Relevant Information
Foreign Exchange Rates |
Currency | Buy | Sell |
ZAR | 11.206 | 11.310 |
EUR | 184.461 | 186.269 |
USD | 165,064 | 166,715 |
Preço Barril Petróleo / Barrel Oil Price |
Brent |
$47.04 -1.33 -2.83% |
2016.08.31 end-of-day |
Source: Ministry of Finance |
Inflation |
Month | Monthly | Accumulated | Year-on-Year Change | Average |
July | 4,04 | 26,66 | 26,66 | 18,53 |
June | 3,27 | 21,74 | 31,80 | 17,13 |
May | 3,46 | 17,89 | 29,23 | 15,51 |
Source: BNA |
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