Timor-Leste | 2017.05.15
TIMOR-LESTE EXPROPRIATIONS’ LEGAL FRAMEWORK APPROVED
After approximately 8 years’ of discussions, the Timor-Leste Parliament recently approved the Country’s Expropriations’ Law (the “Law”) by means of Law 8/2017, of 26 April 2017.
Angola | 2017.05.15
ELECTRONIC SUBMISSION OF THE CORPORATE INCOME TAX RETURN
Order No. 221/17, of 11 May 2017, was enacted, authorising the electronic submission of the annual corporate income tax return (Modelo 1) in relation to FY 2016 for Group A taxpayers.
Mozambique | 2017.05.15
AMENDMENTS TO VAT REGULATIONS
Amendments to VAT Regulations have recently entered into force, enacted by Decree No. 8/2017, of 30 March 2017. The amendments were approved following changes made to the VAT Code earlier this year by Law No. 13/2016, of 30 December 2016, and are essentially aimed at adapting VAT Regulations to those changes. In addition to said changes, we would like to highlight the following:
Angola | 2017.05.12
NEW MODEL FOR REGISTRATION OF SECURITIES
Executive Decree No. 273/17, of 3 May 2017, enacted new rules on the model for registration of securities with the issuing authority. The securities may now be registered in paper support or electronic format, provided that certain legal requirements are met.
Portugal | 2017.05.11
BANKS REQUIRED TO REGISTER BENEFICIAL QUALIFIED OWNERSHIP
By means of Law No. 16/2017, of 3 May 2017, the obligation to register with Bank of Portugal qualified shareholders of banks was extended to further include the identification of the ultimate beneficial owners.
Angola | 2017.04.27
AMENDMENT TO FOREIGN NON-RESIDENT EMPLOYEES HIRING REGIME
Earlier today, Presidential Decree no. 79/17, of 24 April 2017, was made available to the public. The new Presidential Decree amends Articles 2, 7 and 10 of the general rules on labor local content and the hiring of foreign non-resident employee, which had been recently approved through Presidential Decree No. 43/17, of 6 March 2017.
Timor-Leste | 2017.04.21
NEW CUSTOMS CODE APPROVED
By means of Decree-Law No. 14/2017, of 5 April 2017, the Government of Timor-Leste approved a new Customs Code, which will enter into force on 4 June 2017.
Angola | 2017.02.23
NEW CUSTOMS SINGLE DOCUMENT FORM APPROVED
In an effort to bring the customs system up to date and to expedite customs clearance formalities, the Minister of Finance issued Executive Decree No. 67/17, of 14 February 2017, introducing a new Customs Single Document (Documento Único – “DU”) form.
Angola | 2017.02.17
NEW FOREIGN EXCHANGE RULES FOR ANGOLA’S CAPITAL MARKETS
The Angolan Central Bank (BNA) has recently issued Order No. 1/17, of 3 February 2017, which establishes the procedures applicable to investments, capital transfers, interests, dividends and other revenues related...
Angola | 2017.02.17
NEW RULES ON OPENING AND MANAGING OF DEPOSIT ACCOUNTS IN ANGOLA
By means of Order No. 2/17, of 3 February 2017, the Angolan Central Bank (BNA) approved new rules for the opening and managing of deposit accounts...