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Dear <<First Name>> <<Last Name>>
Please refer to the monthly legislation updates provided by MC JURIST and kindly find below a summary of the acts of legislation deemed relevant, enacted during the calendar month of August 2019, in the Republic of Angola.
In case you require any further assistance please contact directly Mr. Nuno Catanas.
Kind Regards
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President of the Republic
Privatization Programme 2019-2022
Presidential Decree 250/19, of 5 August 2019*
Summary: Approves the Privatization Programme for the 2019-2022 period, denominated PROPRIV
* This Presidential Decree was the subject of our Flash Newsletter of 14 August 2019
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National Assembly
Data Protection Agency - Election of Board Members
Resolution 45/19, of 12 August 2019
Summary: Elects the Board Members of the Angolan Data Protection Agency
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National Assembly
VAT Code - Amendment
Law 17/19, of 13 August 2019*
Summary: Amends articles 3, 5, 6 and 9 of Law 7/19, of 24 April 2019, approving the Value Added Tax Code, as well as articles 5, 10, 12, 14, 18, 21, 22, 23 and 31 of the VAT Code.
* This Law was the subject of our Flash Newsletter of 16 August 2019
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National Assembly
Excise Duty Code - Amendment
Law 18/19, of 13 August 2019*
Summary: Amends articles 1, 10, 11, 12, and 15 of Law 8/19, of 24 April 2019, approving the Excise Duty Code
* This Law was the subject of our Flash Newsletter of 16 August 2019
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President of the Republic
Double Taxation Agreement - Angola- Portugal - Ratification
Ratification Letter 1/19, of 22 August 2019
Summary: Approves, for purposes of ratification, the Convention between the Republic of Angola and the Portuguese Republic to Eliminate Double Taxation on Income Taxes and Prevent Fraud and Tax Evasion, following Resolution 17/19 of 15 March 2019
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President of the Republic
Vehicle Tolling and Weighing - National Plan
Presidential Decree 267/19, of 30 August 2019
Summary: Approves Phase 1 of the National Vehicle Tolling and Weighing Plan. - Revokes all legislation contrary to the provisions of this Decree
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National Bank of Angola
Accounting Standards - Banking Sector
BNA Notice 5/19, of 30 August 2019
Summary: Establishes the general principles to be observed, within the scope of the process of Accounting Standardization and Harmonization by the Angolan Banking Sector. - Revokes Notice 15/07, of 28 September 2007, Article 9 of Notice 8/12, of 30 March 2012, Notice 6/16, of June 22, Instruction 12/09 of 21 December 2009, Instruction 2/10 of 1 April 2010, Directive 4 / DSI / 2011, Directive 1 / DSI / 2013 and all legislation contrary to the provisions of in this Notice
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National Bank of Angola
Micro-Credit Regime - Amendment
BNA Notice 6/19, of 30 August 2019
Summary: Amends Articles 2 and 6 of BNA Notice 8/12 of 30 March, which regulate the process for examining the application for authorization, as well as the minimum operating requirements of micro-credit companies
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