Regulators urge for ICOs and crypto-assets rules
The European Securities and Markets Authority (ESMA) and the European Bank Authority (EBA), delivered reports urging for the need for the EU to take actions in respect of the regulation…
Angola – New rules for foreign investors in capital markets
According to the new rules, non-residents can only invest in the Angolan capital market with funds from abroad and on long term assets (at least 1 year maturity). Even though…
Angola – New limitations for bank accounts held by non-residents
New regulations published by the National Bank of Angola have updated the rules on bank accounts (in foreign or domestic currency) held in Angola by non-residents for foreign exchange purposes….
Angola – Tax deduction for reinvested profits
According to the Corporate Income Tax Code (Código do Imposto Industrial) companies can benefit from a tax deduction on the profits that are reinvested into the business. For such deduction…
Portuguese “blacklist” updated
Portugal updated its tax havens blacklist through Order no. 345-A/2016 of December 30. This updated removes Jersey, Isle of Man and Uruguay from the list of territories deemed automatically as…
Increase of the banking sector contribution tax rate
The Government has published new regulations under which the Banking Sector Contribution has been revised. The main changes introduced refer to the inclusion of a reference to Portuguese branches of…