Following the decree and extension of the State of Emergency by the Angolan State, in response to the Covid-19 pandemic, measures were adopted and specific legislation was adopted to prevent the spread of the new Coronavirus in Angolan territory.
On 6 April, Angolan President João Lourenço announced that a major overhaul of the structure of the Angolan Government was carried out.
The National Bank of Angola (central bank and issuer, involved in the definition of Angolan monetary, financial and foreign exchange policies) are exempt from licensing, importing capital from foreign investors allocated to the private sector and exporting income associated with such investments.
The Angolan Parliament have approved in the end of 2019, a law that updates the fight against money laundering.
The Angolan Value Added Tax came into force at the beginning of October of this year, which results, among other reasons, from a set of charges made by the International Monetary Fund, as is well known. The current economic state of the country is still very fragile since the last oil crisis faced around the world. Thus, the growing need for diversification of sources of state wealth has materialized in the government's bet on tax collection.