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SUMMARY OF ANGOLA AND CAPE VERDE MAIN LEGISLATIVE CHANGES APPROVED IN JANUARY 2016

12/02/2016
  • Angola

 

-        Catering Industry – Presidential Decree number 1/2016, January 4

Approval of the Catering Industry and similar activities Legal Framework.

 

-        Investment advisory -  Regulation number 1/2016, January 5

Approval of the rules applicable to registration, standard of conduct, investment advisory and financial analysis.

 

-        Non-banking Finance Institutions - Regulation number 2/2016, January 5

Establishes the minimum share capital requirement of the non-banking finance institutions linked to the capital market and to investment.

 

  • Cape Verde

 

-        Transfer Prices - Ordinance number 75/2015, of December 31

Regulates the application of transfer pricing according to the Corporate Income Tax Code.

 

-        Urban Lease - Law number 101/VIII/2016, January 6

Approve the Urban Lease Legal Regime.

 

-        Tax Benefits Code - Law number 102/VIII/2016, January 6

Amendments to the Law number 26/VIII/2013, January 23, which approved the Tax Benefits Code.

 

-        Independent Regulatory Authorities - Law number 103/VIII/2016, January 6

Amendments to the legal regime of the Independent Regulatory Authorities for the economic and financial sector.

 

-        Public Business Sector - Law number 104/VIII/2016, January 6

Set out the principles and rules applicable to the public business sector.

 

-        Arbitration on tax-related matters - Law number 108/VIII/2016, January 28

Establishes the arbitration as an alternative resolution mechanism for tax disputes.

 

-        Autonomous Funds - Law number 109/VIII/2016, January 28

Approve the Legal Regime of the Autonomous Funds.

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