Angola Legislation Update 21 June 2017

 

MC JURIST
ADVOGADOS | ATTORNEYS-AT-LAW

MC JURIST – Angola Legislation Update

JUNE 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 June 2017, in the Republic of Angola.
In case you require any further assistance please contact directly Mr. Nuno Catanas.

President of the Republic
Minimum National Guaranteed Wage
Presidential Decree 91/17, of 7 June 2017
Summary: Sets the minumum national guaranteed wage at AKZ 16.503,30. Revokes all legislation contrary to this Decree, namely Presidential Decree 144/14, of 9 June 2014

President of the Republic
Social Protection Pensions – Amounts Updated
Presidential Decree 93/17, of 7 June 2017
Summary: Updates the amount of the compulsory social protection pensions. Revokes all legislation contrary to this Presidential Decree

President of the Republic
Copyright and Related Acts – Regulation and Registration of Protected Works
Presidential Decree 125/17, of 12 June 2017
Summary: Approves the Regulation on the Registration of Acts related to Copyright and Related Rights on protected works of an artistic, literary and scientific nature, as well as the applicable fees regime

Ministry of Construction
Construction Permits and Registration – New Forms
Order 274/17, of 15 June 2017Summary: Approval of the Registration Title, Civil Construction and Public Works License, Construction Project Permit, Work Inspection Permit, Tax Payment Forms, Requirements for Concession and Renewal of Registration, Permits, Forms and Statements

President of the Republic
Customs-related Agreement with Namíbia
Presidential Decree 135/17, of 19 June 2017
Summary: Approves the Cooperation Agreement between the Government of the Republic of Angola and the Government of the Republic of Namibia on Mutual Administrative Assistance in Customs Matters

President of the Republic
FATCA – Tax Reporting System of Financial Data
Presidential Legislative Decree 1/17, of 20 June 2017*Summary: Establishes the Fiscal Reporting System for Financial Reporting under the Foreign Account Tax Compliance Act (FATCA), which sets forth the obligations of financial institutions to identify certain accounts and to report information to the General Tax Administration, strengthening and ensuring the necessary conditions for the application of the international cooperation and anti-tax evasion mechanisms provided for in the Agreement between the Republic of Angola and the United States of America* This Decree was addressed and highlighted in our Flash Legislation Update of 21 June 2017

President of the Republic
Instant Lotteries and Lucky Draws – Regulation
Presidential Decree 139/17, of 22 June 2017Summary: Approves the Regulation on the Operation of Instant Lotteries and Lucky Draws. Revokes all legislation contrary to the present Decree

President of the Republic
Instant Lotteries and Lucky Draws – Strategy of Implementation
Presidential Decree 140/17, of 22 June 2017Summary: Approves the Strategy of Implementation and Capture of Market Share of Instant Lotteries and Lucky Draws. Revokes all legislation contrary to the present Decree

President of the Republic
Gaming – New Regulations
Presidential Decree 141/17, of 23 June 2017Summary: Approves the Regulation on Gaming (Casinos). Revokes all legislation contrary to the present Decree

President of the Republic
Petroleum Industry – Profit Oil – Interinstitutional Protocol
Presidential Decree 142/17, of 23 June 2017Summary: Approves the Interinstitutional Protocol on Profit Oil, Work in Progress (WIP-Block 0) and Abandonment Funds, between the Ministry of Finance, through the General Tax Administration (AGT), the Ministry of Petroleum and Sonangol, EP as National Concessionaire

President of the Republic
Traffic Regulation – Special Situations
Presidential Decree 144/17, of 26 June 2017Summary: Approves the Traffic Regulations in Special Conditions and Situations. Revokes all legislation contrary to the present Decree

National Bank of Angola
Foreign Exchange Transactions – Rules and Procedures
Notice 4/17, of 28 June 2017Summary: Establishes the rules and procedures to be observed in the execution of foreign exchange transactions for the reception of earnings and proceeds generated by exports and re-exports of goods in the Republic of Angola. – Revokes Chapter III of Notice 19/12, of 25 April 2012

National Assembly
Micro, Small and Medium Enterprises
Law 10/17 of 30 June 2017Summary: Amends Law 30/11 of 13 September 2011 – Law on Micro, Small and Medium Enterprises

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MC JURIST ADVOGADOS | ATTORNEYS-AT-LAW
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