Angola Maintains Special Contribution on Foreign Technical Assistance and Management Service Contracts and Introduces Amnesty Scheme

Angolan Law no. 18/19 was issued on 28 December 2018, approving the General State Budget for 2019. The main measures are summarized as follows:

The Special Contribution on foreign technical assistance and management services contracts is maintained in 2019. The special contribution is calculated at the rate of 10% levied on the value of the transfer to be made and is due by the entity requesting the transfer of funds abroad.

An amnesty scheme is introduced to regularize outstanding tax, cus…