Global Tax Alert | 30 October 2015

Angola publishes legal regime for the Special Economic Zones

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On 27 October 2015, Angolan Presidential Legislative Decree no. 6/15 was published, approving the legal regime for the Special Economic Zones (the Regime), revoking all legislation contrary to the provisions of this Decree, namely Presidential Decree no. 49/11, of 9 March 2011.

This Regime establishes the applicable rules for the creation, organization and functioning of the Special Economic Zones (SEZ).

Under this Regime, Exploration Companies (companies created to implement and develop industrial, agricultural, mining and other units) settled at the SEZ may benefit from the tax incentives established by Angola's Private Investment Law and respective regulation, approved by Law no. 14/15, of 11 August 2015, and by Presidential Decree no. 182/15, of 30 September 2015, respectively.

Additionally, it is provided that the following customs incentives are applicable to the SEZ Exploration Companies:

  • Exemption on the payment of any customs duties on the export of manufactured goods
  • Exemption on the payment of any import duties' fees regarding goods used as raw material for a 5-year period
  • Exemption on the payment of import duties' fees on machinery and other equipment installed in its Units for a 10-year period

The Presidential Legislative Decree no. 6/15 entered into force on 27 October 2015, the date of its publication.

For additional information with respect to this Alert, please contact the following:

Ernst & Young Angola, Limitada, Luanda
  • Luís Marques
    +244 222 371 390
    luis.marques@pt.ey.com
    Mobile: +244 926 951 647/+351 937 912 214
  • Rui Henriques
    +244 222 371 390
    rui.henriques@pt.ey.com
    Mobile: +244 927 561 851/+351 937 912 028
  • Filipa Pereira
    +351 21 791 2041
    filipa.pereira@pt.ey.com
    Mobile: +244 946 509 436
Ernst & Young, S.A., Angolan Tax Desk, Lisbon
  • Antonio Neves
    +351 217 912 295
    antonio.neves@pt.ey.com
    Mobile: +351 937 912 249
Ernst & Young Advisory Services Ltd., Africa ITS Leader, Johannesburg
  • Justin Liebenberg
    +27 11 772 3907
    justin.liebenberg@za.ey.com

EYG no. CM5924