Angola Legislation Update February 2017

 

MC JURIST
ADVOGADOS | ATTORNEYS-AT-LAW

MC JURIST – Angola Legislation Update

FEBRUARY 2017

Dear *|FNAME|* *|LNAME|*
Please refer to the monthly legislation updates provided by MC JURIST, and kindly find below a summary of the acts of legislation deemed relevant and enacted during the calendar month of February 2017, in the Republic of Angola.
In case you require any further assistance please contact directly Mr. Nuno Catanas.

National Bank of Angola
BODIVA Investment Transactions Procedures
Order 1/17, of 3 February 2017
Summary: Sets forth the procedures for execution of investments, for capital transactions including the payment of interest and dividends and other income related to securities transactions by foreign exchange non-resident entities, admitted to trading at the Debt and Securities Exchange of Angola (“BODIVA”) and other Regulated markets managed by management companies registered with the Securities Market Commission (“CMC”). – Revokes Order 4/05 of 30 December 2005 and all other regulations that contravene the provisions set forth in this Order

National Bank of Angola (BNA)
New Rules to Operate Bank Accounts (Local and Foreign Currency)
Order 2/17, of 3 February 2017
*Summary: Sets forth the rules applicable to the opening and operation of deposit accounts domiciled with the Angolan Banking Financial Institutions, held by residents and foreign exchange non-residents, denominated in national and foreign currency. – Revokes subparagraph 1 of article 3 of Order 3/09, of 5 June 2009* This Order was addressed and highlighted in our Flash Legislation Update of 8 February 2017

Ministry of Finance
Urban Property Tax – Extension of Settlement Deadline (31 March 2017)
Executive Decree 54/17, of 7 February 2017
Summary: Extends until 31 March 2017, the deadline for settlement of the first installment of the Urban Property Tax (“Imposto Predial Urbano – IPU”)

Ministry of Finance
New Customs Declaration Form (“Documento Único”)
Executive Decree 67/17, of 14 February 2017
Summary: Approves the new Customs Declaration Form for the purpose of taxation of goods, designated as Single Document (“Documento Único – DU”) and respective Explanatory Notes of each field of the DU form. Revokes all provisions contrary to this Executive Decree

National Assembly
Law for Protection of Computer Networks and Systems
Law 7/17, of 16 February 2017
Summary: Law for the Protection of Computer Networks and Systems, which sets forth the legal framework on measures to protect networks and computer systems. – Revokes all legislation that contravenes the provisions of this Law

President of the Republic
List of Jobs Prohibited to Women
Presidential Decree 29/17, of 22 February 2017
Summary: Approves the list of jobs prohibited and conditioned to women. – Revokes the Joint Executive Decree 172/10, of 14 December 2010 and any other legislation contrary to this Presidential Decree

President of the Republic
List of Jobs Prohibited to Minors
Presidential Decree 30/17, of 22 February 2017
Summary: Approves the list of jobs prohibited or conditioned to minors. Revokes the Joint Executive Decree 171/10, of 14 December 2010 and any other legislation contrary to this Diploma.

President of the Republic
Temporary Manning Agency – New Legal Framework
Presidential Decree 31/17, of 22 February 2017
Summary: Regulates the Legal Framework of Temporary Manning Agency, as well as the activity of the temporary manning agencies and their contractual relations with the employees and the clients. – Revokes Presidential Decree 272/11, of 26 October 2011 and any other legislation contrary to this Diploma

Ministry of Petroleum
Revision of Petroleum Activities Law – Work Group Set up
Order 72/17, of 22 February 2017
Summary: Sets up the Work Group, coordinated by Mr. António Pereira dos Santos Izata, to review the Petroleum Activities Law and Natural Gas Regulation

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