Angola – Legal Regime for self-billing

In brief

Presidential Decree No. 144/23, of 29 June, was published, and amends the Legal Regime for self-billing. 

The main changes reflect the legislator's will to encourage the use of the self-invoicing mechanism, making the regime simpler and more comprehensive. 

By way of example: 

• the regime now covers the acquisition of handicrafts and manufactured products; as well as the acquisition of movable property subject to registration, acquired by natural persons for their own use for more than six months; 
• sellers' registration obligations attributable to the purchaser are no longer required; 
• the value from which, entities engaged in wholesale trade activities must report acquisitions made to the same seller to AGT, changes from Kz 1,000,000.00 to Kz 25,000,000.00

The legal regime will come into force 30 days after publication.

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