Angola – New Governance Model for the Mining Sector (June 2020)
Presidential Decree no. 143/20, of 26 May, has approved the new Governance Model for the Mining Sector (the “Presidential Decree”). Pursuant to the Presidential Decree, the newly approved governance model aims to increase the efficiency of the sector by (i) the reduction of the State’s direct participation in mining activities and (ii) the optimization of …
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Equatorial Guinea – New Mining Legal Framework (June 2020)
Further to the entering into force of the new Mining Law, approved by Law 1/2019, of 29 November 2019 (“NML”), the Ministry of Mines and Hydrocarbons (“MMH”) has now enacted the Regulations for the Mining Operations (Regulations 1/2020, of 13 April 2020 – “RMO”).
Equatorial Guinea – New Regulations on Petroleum Operations
Last 15 June 2020, the Minister of Mines and Hydrocarbons has enacted the new regulations to the 2006 Hydrocarbons Law (“2006 HL”).
Regulations on Online Commercial Registration and Publications in Angola
Executive Decree 168/2020, of 1 June 2020, which approved the Regulations on Procedures for Online Promotion of Commercial Registration Acts and Publication of Acts related to Companies (“Regulation”) entered into force.
New Regulations on Civil Construction and Public Works, Works Planning, Works Inspection Activities
By means of Presidential Decree no. 146/20, of 27 May, the Angolan Executive has approved the new Regulations on Civil Construction and Public Works, Works Planning and Works Inspection Activities (the “Regulations”). The Regulations apply to all individuals or legal entities engaged in the carrying-out of civil construction and public works, works, works planning and inspection activities.
National Environmental Quality Program in Angola
The National Environmental Quality Program (Portuguese acronym: PNQA) was approved in Angola by Presidential Decree 138/20, of 19 May 2020. The act came into force on the same day.
New Regulation on the Establishment of a Framework to facilitate Sustainable Investment
Regulation (EU) 2020/852 of the European Parliament and of the Council, of 18 June 2020 on the establishment of a framework to facilitate sustainable investment (“Regulation”), amending Regulation (EU) 2019/2088, was published on June 22.
Special Framework to Simplify the terms of Production Sharing Agreements in Sao Tome and Principe
A Special Framework to Simplify (“SFS”) the terms of Production Sharing Agreements (“PSA”) was enacted by the Council of Ministers last 17 June 2020.
General Tax Code in Angola
Law 21/20, of 9 July 2020, was published, amending the General Tax Code (GTC). The new rules have entered into force on 9 July 2020.
Property Tax Code in Angola
July, 2020 approved the new Property Tax Code (PTC), revoking the former Urban Property Tax Code and all the legal provisions regarding the taxation of real state, established by the Regulation regarding the Assessment and the Collection of the Inheritance and Git Tax and SISA levied on the Acquisition for Consideration of Real Estate Properties. …