ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage



Home » News » Politics

Wed, 16 Jan 2019 10:23 - Updated Wed, 16 Jan 2019 10:22

Angola gears up to end double taxation with Portugal

Luanda - Angola’s National Assembly approved on Tuesday the joint opinion-reports and draft-resolution agreements to put an end to double taxation and prevent tax evasion with Portugal, China and United Arab Emirates.

Send by email

To share this news by email, fill out the information below and click Send


To report errors in the texts of articles published, fill out the information below and click Send

Angolan National Assembly (Parliament)

Photo: Pedro parente

The legal tools approved by the National Assembly’s specialized commissions establish a worldwide juridical regime to prevent or eliminate double taxation.  

The said document was approved by the commissions for Economy and Finances, Constitutional and Juridical Matters, Foreign Affairs, International Cooperation and Angolan Communities Abroad.

According to the secretary of State for Cooperation, Domingos Vieira Lopes, the agreements will enable the boosting of investments in various sectors in Angola, in the ambit of the African country’s economic diversification process.

The specialized commissions also approved the Fourth Addition of the Convention Relative to Coverage of Credit Risks for Services and Goods Imported from Portugal to Angola, with a view to simplifying negotiations for future financing.

The Addition is aimed at extending the maximum limit for credit coverage, which is to go up from the current 1 billion Euros to 3 billion Euros.

The agreement also embodies the expansion of the coverage, which includes banking financing, guarantee of credits or financial insurance granted to Angola by other financial institutions as well as the credit deadline, which goes up from the current seven to ten years.

Angola and Portugal signed last November a Convention Relative to Coverage of Credit Risks for Services and Goods Importation from Portugal to Angola.  

Read also
  • 05/02/2019 11:29:16

    Pinda Simão praises nationalists' sacrifice

    Uíge - The provincial governor of Uíge, Pinda Simão, praised the commitment of the heroes of February 4, who gave their lives and consented sacrificed for the achievement of the national independence.

  • 05/02/2019 11:05:09

    Angolan ambassador highlights cooperation with Italy

    Luanda - Angolan ambassador to Italy, Florêncio de Almeida, deemed the visit of the Italian president to run from February 5 to 7, a clear signal of both countries’ deep friendship and will consolidate the two States and peoples’ historical ties.

  • 04/02/2019 15:40:28

    DRC leader Félix Tshisekedi expected in Luanda Tuesday

    Luanda - The President of the Democratic Republic of Congo (DRC), Felix Tshisekedi, is due to arrive in Luanda on Tuesday for an official and working visit of a few hours, at the invitation of his Angolan counterpart, João Lourenço.

  • 04/02/2019 13:53:11

    President of Italy visits Angola

    Luanda - At the invitation of the President of the Republic of Angola, João Lourenço, the President of the Italian Republic, Sergio Mattarella, arrives in Luanda on Tuesday, February 5, for a state visit that will last until Thursday.