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ARTICLE · 05 FEBRUARY 2024

General State Budget 2024

Law 15/23 of 29 December approving the General State Budget for the financial year 2024 ("GSB 2024") was published and entered into force on 1 January 2024.

PortugalTax

Law 15/23 of 29 December approving the General State Budget for the financial year 2024 ("GSB 2024") was published and entered into force on 1 January 2024.

The main tax measures introduced by the GSB 2024 are:

1 SPECIAL CONTRIBUTION ON FOREIGN EXCHANGE OPERATIONS ("CEOC"):

The GSB 2024 has created the Special Contribution on Foreign Exchange Transactions (Contribuição Especial sobre Operações Cambiais - "CEOC") and established the legal rules applicable to it. The main features of the CEOC are:

  • Individuals and legal entities domiciled or incorporated in Angola that request a financial institution to make a transfer abroad under contracts for the provision of services, technical assistance, consultancy and management, capital operations and unilateral transfers are subject to payment of the CEOC.

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