VAT AND NON-RESIDENT TAXABLE PERSONS
Circular Letter no. 30235, of 27 April 2021, clarifies the VAT rights and obligations applicable to non resident taxable persons who carry out supplies of goods or services in Portugal.
NEW LAW ON SECURITY OVER MOVABLES
Law 11/2021, of 7 April 2021, establishing the legal framework for the use of movable assets as security for the discharge of obligations (“Law”), was published on 22 April 2021 and will take effect 180 days after publication.
NATIONAL OCEAN STRATEGY
The Government issued a Council of Ministers Resolution yesterday, May 6, 2021, approving the 2021-2030 National Ocean Strategy (NOS), a programmatic document governing ocean-related political actions and enshrining the Government’s commitment to protect the ocean and ensure the sustainable development of its many opportunities. The act is in line with global and European commitments, namely …
AMENDMENTS TO THE INVESTMENT LAW
Decree No. 20/2021, of 13 April – Amendments to the Investment Law Regulation approved by Decree No. 43/2009, of 21 August.
AMENDMENTS TO THE PRIVATE INVESTMENT LAW
The Angolan Parliament recently enacted Law 10/21, of 22 April 2021 (“Law 10/21”), approving several important amendments to the existing Private Investment Law (“PIL”), enacted by Law 10/18, of 26 June 2018.
PORTUGUESE DATA PROTECTION AUTHORITY ORDERS THE SUSPENSION OF DATA TRANSFERS TO THE UNITED STATES
The decision of the Portuguese Data Protection Authority On 27 April 2021, the Portuguese Data Protection Authority (Comissão Nacional de Proteção de Dados – CNPD) issued a Deliberation (only available in Portuguese) addressed to the National Statistics Institute (Instituto Nacional de Estatística – INE) ordering this entity to suspend, within 12 hours, all data transfers …
U-SPACE PACKAGE
The European Commission adopted the U-space package.
NEW FOREX REGIME FOR NON-ASSOCIATED NATURAL GAS AND DERIVATIVES
Pursuant to the provisions of the Foreign Exchange Law for the Petroleum Sector [approved by Law 2/12, of 13 January 2021 (“FELPS”)], the National Bank of Angola (“BNA”) has recently published Order 3/2021, of 1 April 2021 (“Order”), which establishes the new foreign exchange regime applicable to the entities engaged in the prospecting, exploration, appraisal, …
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EXCHANGE POLICY
The National Bank of Angola (“BNA”) recently published, in the use of its powers, the following pieces of legislation:
NEW VOLUNTARY ARBITRATION REGIME
Law no. 6/2021, of 31 March (“Law 6/2021”), which enacts the voluntary arbitration law (“VAL”) and for the first time amends the Code on Civil Procedure (“CCP”), was published in the Timor-Leste Official Gazette.