Insights
Insights
FEBRUARY 2019
National Agency for Oil, Gas and Biofuels (ANPG) and General Strategy for the Award of Petroleum Concessions for the period of 2019-2025

Presidential Decree No. 61/19 (February 18) appointed the following entities to join the ANPG Board of Directors: Paulino Fernando de Carvalho Jerónimo (Chairman); Belarmino Emílio Chitangueleca (Director); César Paxi Pedro (Director); Natacha Alexandre Tavares Ferreira Monteiro Massano (Director); Gerson He...

FEBRUARY 2019
National Agency For Oil, Gas and Biofuels (ANPG) and Oil Derivatives Regulatory Institute (IRDP)

In the mid-term plan approved by Presidential Decree No 258/17 was stipulated that one of the measures to be taken would be to create the basic principles and legal framework for the privatization of the corporate assets and the restructuring strategy of SONANGOL. The National Agency for Oil, Gas and Biofuels...

FEBRUARY 2019
Incorporation and Register of Sociedades Gestoras de Patrimónios (Asset Management Firms)

The Presidential Legislative Decree No. 2/17 of 9 August regulates the regime of Sociedades Gestoras de Património (Asset Management Companies, hereinafter referred to as AMCs) which are a non-banking financial institutions connected to the capital market and investment, and whose purpose is the activity of asset ...

JANUARY 2019
Exceptional Regularization of Tax, Customs and Social Security Debts

The Law that approved the General State Budget for the economic year of 2019 (Law no. 18/18, 12.28) established in its article 17 that the regularization of fiscal, customs and social security debts, whose tax events occurred until 31 December 2017 , are made without the payment of interest, fines and procedural...

JANUARY 2019
Special Contribution on Exchange Operations on Current Invisible

The Law which approved the State General Budget for the Economic Year of 2019 (Law no. 18/18, 12.28) created the Special Contribution on Exchange Transactions of Current Invisible (article 15). This Contribution covers transfers made under contracts for the provision of technical assistance or management services...

DECEMBER 2018
Limit term for submission of complaints late internal debt during

Limit term for submission of complaints on late internal debt during the economic exercises of 2013 to 2017 Executive Decree No. 507/18 of 20 of November established that complaints must be submitted no later than January 31, 2019.   Complaints must be submitted to the Budget Units that have contracted debts,...

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