Angola Considers Tax Incentives for Oil Companies

Angola. Oil

If passed, the Bill will endorse the powers of President João Lourenço to issue amendments to the tax regime applicable to the oil concession in Block 0, a prospect currently operated by the Cabinda Gulf Oil Company.

To date, the Constitutional Affairs, Economy and Finance Commissions of the Parliament have issued their joint opinion of the bill, with relevant parties agreeing both to its importance and timing.

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