Angola - Special contribution on foreign technical assistance and management agreements

The legal framework on the special contribution on current invisible items of trade (Regime Jurídico da Contribuição Especial sobre as Operações Cambiais de Invisíveis Correntes – "RJCE") came into force on 30 June 2015. This legal framework was approved by Presidential Legislative Decree no. 2/15 of 29 June. The origin of this legislation is, essentially, the fall in the price of a barrel of oil in the international markets and the need to strengthen control mechanisms in face of capital shortage and of abusive tax planning.