Oil and Gas

Legal and tax framework

In view of the importance of becoming familiar with the regulatory and legal regime for the oil and gas activity in Angola in advance, we provide consulting services which will provide an overview of the legal obligations at their various levels, namely in terms of:

Oil and gas industry

•  Legal and regulatory regime for the oil activity;
• Tax regime applicable to the oil sector;
•   Cost recovery regime (Capex and Opex);
•  Specific tax obligations and mandatory withholdings (Petroleum Income Tax, Petroleum Transaction Tax; Oil Production Tax, Capital Gains Tax; Service Tax (Consumption Tax); Contribution to  Training of Angolan Permanent Staff; Surface Fee;
•  Foreign Exchange Regime applicable to the Oil and Gas Sector;
•  Applicable Customs’ Regime of the Oil and Gas Sector;
•  Mandatory public tender regime for the acquisition of goods and services in the oil sector;
•  Requirement to contract national suppliers in accordance with the type of service or supplies desired;
• Requirement to contract specific insurance policies for the oil and gas production activity;
•  Angolanization process;

• Labour Income Tax;
• Stamp Duty;
• Consumption Tax;
• Urban Property Tax;
• Social Security Rate.

•  Legal regime regarding the requirement to contracting national labour and compliance with legal ratios and the respective exceptions;

•   Contracting regime using temping companies;

•  Miscellaneous obligations towards MAPESS (Public Administration, Employment and Social Security Ministry), to wit:
  ·  Annual submission of RENT (Nominal Employee Register); 
  ·  Depositing and registering employment contracts;
  · Vocational qualifier and any other formalities assigned to the contracting and cessation of employment contracts.

Environmental licensing regime (Existing environmental regulations in Angola).

Arbitration legislation in force in Angola (requirement for the oil concessions’ sector).