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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

 

Executive Decree 348/16: Approves the Industrial Licensing Duties Schedule

 

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)

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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