Angola- Regime of depreciation and amortization of fixed assets for Industrial tax purposes

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.

This regime revokes the previous regime foreseen in Decree nr. 755/72, of 26 October, as amended by Decree nr. 57/74, of 24 January.

The new regime applies to the depreciation and amortization of fixed assets that become operational or start being used in 2015 and thereafter.