In response to the effects of the Covid-19 pandemic and the reduction in the price of the oil barrel in the international markets, Presidential Decree no. 98/20, 9^th April approved a set of measures aimed at relieving its financial and economic effects for companies and families.

Tax Measures

• Extension of the deadline for the submission of the Corporate Income tax return (Modelo 1) for Group A taxpayers, to 30 June 2020;
• Extension of the deadline for the submission of the Corporate Income tax return (Modelo 1) for Group B taxpayers, to 29 May 2020;
• Granting of tax credit of 12 months corresponding to the VAT payable on the import of capital goods and raw material required for the production of the goods referred in Presidential Decree no. 23/19, of 14^th January (goods from “cesta básica” and other priority goods from national origin);
• Deferral of the social security payments to be borne by companies (8%) respecting to the second quarter of 2020. The payment may be made in six monthly instalments, from July until December and no interest on late payment shall accrue.

Financial measures

• With the purpose of contributing to maintaining minimum levels of activity for micro, small and medium-sized companies in the Productive Sector, various financial supports are made available through the establishment of credit lines for production and investment.

Red tape measures

• Extinction of the obligation to license management, service and technical assistance contracts with the National Bank of Angola and with the Ministry of Economy and Planning.

Measures to ensure workers mobility

• Definition of the credential model designed to allow the mobility of workers whose work activity is not suspended during the State of Emergency.

• In the months of April, May and June, private sector employers do not deduct 3% of their workers' wages, as Social Security contributions, in order to increase their net income;
• Companies in the water and energy supply sector do not make supply cuts to customers facing difficulties in paying bills during the month of April.

To access Presidential Decree No. 98/20, of 9 April 2020, containing the “Economic Impact Relief Measures caused by the Covid-19 Pandemic on Business, Families and the Informal Economy Sector”, please refer to the document below.