On 9 November 2015, an Agreement was signed under the Foreign Account Tax Compliance Act – FATCA, between the Government of Angola and the Government of the United States of America.
Presidential Decree nr. 204/15, of 28 October, which amends the tax regime for provisions, applicable to all commercial companies and entities subject to Industrial Tax, was published in the Official Gazette.
Law nr. 26/15, published on 23 October approves the new Urban Lease Law, and enters into force 90 days after its date of publication. This new law establishes relevant aspects related to the formalities applicable to lease agreements, respective duration, limitations on advanced payments, denomination of currency and update of lease payments.
Presidential Decree nr. 207/15, of 5 November, which sets out the new regime applicable to the depreciation and amortization of fixed assets of companies and other entities subject to Industrial Tax.
The draft Law of the Angolan General State Budget was made public on 6 November 2015.
Presidential Decree nr. 195/15, of 7 October, which approves the Patronage Law Regulation, was published in the Official Gazette. This statute sets forth, the procedures for granting tax benefits, as well as the procedures for registering, applying, evaluating and monitoring patronage projects.
Presidential Decree nr. 182/15, dated 30 September, which approves the Regulations for the Proceedings on Private Investment (“Regulations”)
PwC public sector practitioners describe best practices and future-focused service delivery in Africa. Publication produced by PwC Africa.PwC public sector practitioners describe best practices and future-focused service delivery in Africa. Publication produced by PwC Africa.
Financial Services Journal 2013
Infrastructure finance in Africa