Rules for Exchange Operations by Individuals Amended
BNA Order 17/20, of 3 August 2020, revokes Order 12/19, of 2 December 2019, although most rules remain unchanged for foreign exchange transactions carried out by foreign-exchange resident and non-resident individuals.
Timor-Leste | 2020.07.29 | Portuguese Version Only
New Features of the Timor-Leste Tax Authorities Site
The Timor-Leste Tax Authorities (ATTL) have recently presented the newest features of its internet site - attl.gov.tl.
Angola | 2020.07.23
Changes to the Personal Income Tax Code
Law No. 28/20 was enacted on July 22, 2020, approving substantial and relevant amendments to the Personal Income Tax Code (approved by Law No. 18/14, of 22 October 2014).
Angola | 2020.07.22
Changes to the Industrial Tax Code
Law no. 26/20 was enacted on July 20, 2020, approving substantial and relevant amendments to the Industrial Tax Code (approved by Law 19/14, of 22 October).
Angola | 2020.07.16
Competition Compliance Guide
The Competition Authority approved a Competition Compliance Guide, recommending that companies implement Competition Compliance Programmes, which will enable them to identify and mitigate the risks of infringement of Competition Law.
Angola | 2020.07.10
Tax changes enacted – Property Tax and General Tax Code
Law No. 20/20, approving the Property Tax (PT) Code and repealing the Urban Property Tax (UPT) Code, was published on 9 July 2020.
Senegal | 2020.07.10
Covid-19: Senegal bans EU travelers in retaliation for flight blacklist
The Senegalese Government announced that it would not reopen its air space to travelers from EU countries, following the non-inclusion of Senegal on the EU’s list of States deemed ‘safe’. The announcement was made by the Minister of Tourism and Air Transport, Alioune Sarr.
Timor-Leste | 2020.07.09
Timor-Leste announces extension of Oil & Gas Licensing Round deadline
The Timor-Leste National Petroleum and Minerals Authority (ANPM) has today announced that the deadline for the country’s second oil & gas licensing round, launched on 3 October 2019, has been extended by a year to October 2021.
Gabon | 2020.07.06
COVID-19: Partial Lifting of Lockdown Measures
On 30 June 2020, the Gabonese Prime Minister announced that the lockdown measures in place since the State of Emergency was declared on 10 April 2020 would be relaxed from 1 July 2020 onwards, as follows:
Angola | 2020.07.02
Implementation of Duties to Prevent and Combat Money Laundering, Financing of Terrorism and Proliferation of Weapons of Mass Destruction
BNA Order (Aviso) No. 14/20, of 22 June 2020, which applies to Financial Institutions under the supervision of BNA, established rules on the effective implementation of the duties provided for in the Law on the Prevention and Combating of Money Laundering, the Financing of Terrorism and the Proliferation of Weapons of Mass Destruction (Law No. 5/20, of 27 January 2020), as well as the conditions for exercising them, and the instruments, mechanisms and formalities inherent to the prevention and combating of money laundering, the financing of terrorism and the proliferation of weapons of mass destruction.