Special Tax Regime for northern Cabinda goes to vote

Luanda – The National Assembly discusses Thursday in an extraordinary plenary meeting, the Draft Legislative Authorization Law on the Special Tax Regime for the northern Cabinda Province.

The legal tool aims to create tax incentives for investors in that region of the country with emphasis on the reduction of the Value Added Tax (VAT).

The lawmakers are also due to analyze the Draft Legislative Authorization concerning the termination of the Concession granted to the National Oil and Gas Concessionaire.

The legislative authorization for tax amendment to the concession of the Cabinda maritime oil zone block 0 is also part of the agenda of the National Assembly.

The National Assembly will also approve, in generality, the draft Law on Amendments of the Organic Law of the Courts of Appeal, whose document adjusts the salaries of the appellate judges.

Also on the agenda for the plenary session is the approval, in general terms, of the Proposed Civil Service Framework Law, which eliminates the time for entering the civil service and reduces the probation period from five to one year.

The parliamentarians will also approve, in generality, the General Labour Law Proposal, which aims to give more human dignity to citizens and respect for the guarantees and freedoms enshrined in the Constitution of the Republic of Angola.

Source: Angola Press News Agency