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Presidential Legislative Decree No. 6/18 defining the incentives and procedure for the adequacy of contractual and tax terms applicable to Qualified Marginal Areas.

Country/Territory
Angola
Document type
Legislation
Date
2018
Source
FAO, FAOLEX
Original source
Diário da República, I Série, No. 72.
Subject
Mineral resources
Keyword
Oil Inspection Research Procedural matters Zoning Concession Tax/levy Subsidy/incentive
Geographical area
Africa, Central Africa, Least Developed Countries, South Atlantic
Entry into force notes
This Presidential Legislative Decree enters into force on the day of its publication.
Abstract

This Presidential Legislative Decree, consisting of 22 articles divided into four Chapters, defines the incentives and procedure for the adequacy of contractual and tax terms applicable to Qualified Marginal Areas. Incentives for the development of marginal discoveries are governed by the principle of contractual tolerance aimed at adjusting the contractual and fiscal terms of the marginal discoveries to promote the investment of Associates of the National Concessionaire and Contracting Entities for the execution of petroleum operations.

Full text
Portuguese
Website
www.legis-palop.org