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Category: Latest News

Equatorial Guinea’s Presidential Decree Num. 71/2020, dated 9 September 2020

Equatorial Guinea’s Presidential Decree Num. 71/2020, dated 9 September 2020

On 9 September 2020, the Presidency of the Republic of Equatorial Guinea issued Decree Num. 71/2020 appointing the General Directors, Deputy General Directors and Assimilates of the different Ministerial Departments of the State’s Civil Administration. Please find below some of the most relevant positions within the main ministries: MINISTRY OF MINES AND HYDROCARBONS:  General […]

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New tax returns for Corporate Income Tax and Personal Income Tax in Mozambique

New tax returns for Corporate Income Tax and Personal Income Tax in Mozambique

On 31 August 2020, the Ministerial Order number 31/08/2020 approved the returns for the declaration of Personal Income tax and the Corporate Income Tax.  Concerning Personal Income Tax (I.R.P.S), the Ministerial order provides: o return for the declaration of Personal Income Tax (M/10 form); o return for the declaration of Personal Income Tax – […]

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Mozambique – New tax returns for mining activities

Mozambique – New tax returns for mining activities

On 30 July 2020, the Ministerial Order number 37/2020 approved the returns for the declaration of the mining production tax (IPM form), the surface tax (ISS Form) and the mineral resource income tax (IRRM form) under the Specific Tax and Tax Incentives regimes, for mining activities.     The contents of this publication are based […]

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Mozambique – New tax returns for oil production and costs recovery

Mozambique – New tax returns for oil production and costs recovery

On 30 July 2020, the Ministerial Order number 36/2020 approved the returns for the declaration of the oil production tax (IPP form) and the costs recovery (RC form) under the Specific Tax and Tax Incentives regimes, for oil operations.       The contents of this publication are based on our knowledge and interpretation of […]

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Second phase of Relaxation of State of Sanitary Alarm in Equatorial Guinea

Second phase of Relaxation of State of Sanitary Alarm in Equatorial Guinea

Through the Decree no. 54/2020, dated 4 August, Equatorial Guinea entered in the second phase of relaxation of the State of Sanitary Alarm adopted by Decree num. 42/2020, dated 31 March. These are the main measures approved:  Travelers arriving in the country, whether expatriates or nationals, must present a certificate of negative PCR Test […]

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Amendments of the Industrial Tax Code in Angola

Amendments of the Industrial Tax Code in Angola

The Industrial Tax Code was amended by Law no. 26/20, dated 20 July 2020. The main changes, amongst others, are:  The implementation of two taxation regimes (the General Regime and the Simplified Regime) and accounting becomes mandatory for companies in General Regime;  Interest on loans from holders of capital or supplies are deductible […]

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Law Num. 1/2020, dated 7 July, stating special tax incentive measures in Equatorial Guinea

Law Num. 1/2020, dated 7 July, stating special tax incentive measures in Equatorial Guinea

Law Num. 1/2020, dated 7 July 2020, was recently published and is applicable to all Taxpayers, individuals and legal entities, residents and non-residents in the Republic of Equatorial Guinea, which are subject to (and have not complied yet with) the following tax obligations: a) Corporate Income Tax (CIT); b) Value Added Tax (VAT); c) Personal […]

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São Tomé and Príncipe: Exceptional Regime- Terms of Production Sharing Contracts

São Tomé and Príncipe: Exceptional Regime- Terms of Production Sharing Contracts

Exceptional Regime for Easing the Terms of Production Sharing Contracts   The Council of Ministers approved Resolution No. 25/2020 dated 23 June 2020, adopting an Exceptional Regime for Easing the Terms of Production Sharing Contracts due to the impacts of the COVID-19 Pandemic in the global oil industry. The Council of Ministers granted the Executive […]

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São Tomé and Príncipe: Use of E.E.Z Oil Companies’ Funds

São Tomé and Príncipe: Use of E.E.Z Oil Companies’ Funds

Increase of COVID-19 Testing Capacity: Use of E.E.Z Oil Companies’ Funds The Council of Ministers approved Resolution No. 26/2020, dated 23 June 2020, to enter into force immediately, which authorises the use of oil companies’ funds to increase COVID-19 testing capacity. Considering as a priority the strengthening of the country’s massive testing capacity, the Council […]

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Regulation Num. 2/2020, on Petroleum Operations in Equatorial Guinea

Regulation Num. 2/2020, on Petroleum Operations in Equatorial Guinea

Regulation Num. 2/2020, dated 15 June 2020, on Petroleum Operations in Equatorial Guinea. The Ministry of Mines and Hydrocarbons (“MMH”) recently approved Regulation Num. 2/2020, dated 15 June 2020, on Petroleum Operations, revoking the previous regulation approved by Ministerial Order Num. 4/2013, dated 20 June 2013. The purpose of this Regulation is to define and […]

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