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.
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.
Angola | 2020.06.25
Launch of Simplified Procurement Procedures for Public Works
Pursuant to Presidential Order No.85/20, Presidential Order No.86/20 and Presidential Order No. 88/20, all dated of 15 June 2020, and due to the urgent nature of the relevant works, the simplified procurement procedures for the following three projects were initiated:
Angola | 2020.06.19
Investment Facilitated by the Creation of an Investment Desk (Janela Única do Investimento)
In order to allow private investors to have a simplified and priority access to Public Administration services, as per article 26 of Law No. 10/18, of 26 June, Presidential Decree No. 167/20, of 15 June, has created a new investment desk, Janela Única do Investimento (JUI).
Angola | 2020.06.16
Privatisation of Assets in the Financial Sector
Following the Privatisation Programme (PROPRIV), the proceedings regarding the disposal of shares of Banco Angolano de Investimentos (BAI) and the privatisation of Empresa Nacional de Seguros de Angola (ENSA S.A.) have been initiated.
Angola | 2020.06.05
Construction Industry and Public Works Subject to New Regulations
New regulations on (i) the construction industry, (ii) public works, (iii) construction projects, and (iv) supervision of construction works have been approved by means of Presidential Decree No. 146/20, of 27 May 2020. The new regulations define the licensing requirements for the carrying-out of said activities – which vary depending on the type of works and activities envisaged –, regulate the licensing process (including the documents and data that are to be submitted), and also set out the fines applicable in the event of infringement. The licenses to carry out construction activities, which were hitherto issued by the Civil Construction and Public Works Regulatory Institute alone, are now also issued by the Municipal Administrations and the Provincial Governments.
Angola | 2020.06.03
Creation of Working Group to Propose Measures on Remuneration System in Oil Sector
The Minister of Public Administration, Employment and Social Security (“MAPTSS”), jointly with the Minister of Mineral Resources, Petroleum and Gas (“MIREMPEG”), approved Order No. 1903/20, of 24 April 2020, by means of which a working group was created with the purpose of analyzing the remuneration systems currently practiced in the oil sector and proposing measures that would provide stability and equality and guarantee social peace within the industry’s companies.
Portugal, Angola | 2020.06.02
Bilateral Investment Treaty enters into force
A Bilateral Investment Treaty (“BIT”) between Portugal and Angola entered into force on 24 April 2020. The full text of the BIT published in the Portuguese official gazette (Diário da República) can be found here.
Angola | 2020.06.01
Data Package for New Petroleum Concessions Available
The National Agency for Petroleum, Gas and Biofuels (Agência Nacional do Petróleo, Gás e Biocombustíveis, “ANPG”), the National Concessionaire for the Angolan petroleum sector, announced last week, on 28 May 2020, that in connection with the 2020 bidding round, the Data Package concerning Blocks CON1, CON5 and CON6 (onshore Lower Congo Basin) and Blocks KON5, KON6, KON8, KON9, KON17 and KON20 (onshore Cuanza Basin) is already available.
Angola | 2020.05.28
Covid-19: Situation of Public Calamity Declared in Angola
A Situation of Public Calamity was declared, as of 00:00 (zero) hours of 26 May 2020, and will be maintained for as long as there is a risk of contamination by COVID-19.