Foreign Exchange Regime applicable to the Diamond Industry
Foreign Exchange Regime applicable to Diamond Industry
Central Bank Notice no. 13/20 has been published in the National Gazette.
Central Bank Notice no. 13/20 regarding the foreign exchange regime governing the diamond industry has been recently published in the National Gazette.
Among other relevant matters, the above Notice establishes the rules for the acquisition of goods and services related to trade of diamonds in the national and international markets, the requirements for opening and operating bank accounts by national entities developing their activity in the diamond industry as well as the requirements for the sale of foreign currency and transfers of profits and dividends abroad.
© 2024 KPMG & Associados – Sociedade de Revisores Oficiais de Contas, S.A., a Portuguese private limited company and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
© 2024 KPMG Advisory – Consultores de Gestão, S.A., a Portuguese private limited company and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://kpmg.com/governance.