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Tax: the main points of Circular 004 on the 2024 State Budget in Angola

On January 1, 2024, Law No. 15/23 of December 29, 2023, approving the General State Budget (GSB 2024), came into effect.

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New Legal Framework for Freight Forwarding

This new law defines the rules for access, exercise and supervision, expressly giving the Angolan Cargo and Logistics Certification Regulatory Entity the power to regulate freight forwarding activities

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Angola has transposed into national legislation the Agreement establishing the Tripartite Free Trade Area among COMESA, EAC, and SADC

This agreement was established on October 22, 2008, in Kampala, Uganda, with Angola signing it on June 10, 2015, in Sharm El Sheikh, Egypt.

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Legal Update - October 2023

With the aim of simplifying the procedures for granting tourist visas and, consequently, attracting more private investment, on September 29, 2023, Decree No. 189/2023 was published, which exempts citizens of certain countries from presenting an entry visa for tourism.

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EU gives green light to Africa's first investment facilitation agreement

The Council of the European Union adopted a decision regarding the signing of the Sustainable Investment Facilitation Agreement (SIFA / AFCS) between the European Union (EU) and Angola.

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Regulation on the Obligatory Affixing of High Security Tax Stamps

The publication of the new Regulation on the Obligatory Affixing of High Security Tax Stamps approved by Executive Decree no. 64/23 of 12 May was long awaited, a year after the Ministry of Finance...

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Update of the fiscal terms applicable to Blocks 30, 44 and 45 located in the Namibe Basin (Angola)

The President of the Republic of Angola, in his capacity as Holder of Executive Power, through Presidential Decrees no. ºs 109/23, 110/23 and 111/23 published on 3 May 2023, updated the contractual and fiscal terms previously approved on the mining rights for prospectio...

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Angola joins the Global Forum on Transparency and Exchange of Information for Tax Purposes

Angola has been implementing several tax reforms at local and international level (with emphasis on the signing of agreements to avoid double taxation), which are essentially measures to combat tax...

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Privatization Program Extension (PROPRIV)

It was recently published in the Official Gazette Presidential Decree No. 78/23, of March 28, on the subject of the Extension of the Privatization Program for the period 2023-2026, known as “PROPRIV”...

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New law on insurance and reinsurance activity: What has changed?

Twenty-two years after the entry into force of Law n.º 1/00, of February 3rd, the new Law n.º 18/22, of July 7th, 2022 is published -_cc781905-5cde-3194-bb3b- 136bad5cf58d_ of the Insurance and Reinsurance Activity, which defines the new paradigm in the insurance and reinsurance sector.

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