Luanda - The Economic Commission of the Cabinet Council Wednesday amended to the procedures for the legal registration of private investment proposals.
This was during the 8th Session of the Economic Commission, chaired by the President, João Lourenço.
According to a press release from the meeting, the regulation also sets out procedures that ensure the attribution of benefits and facilities, monitoring, inspection, penalty and extinction of rights granted under the Private Investment Law.
The meeting approved the regime applicable to fees charged by the Private Investment and Export Promotion Agency (AIPEX) owed to the provision of registration services for investment proposals, assistance in the implementation of investment projects.
The Commission also approved a diploma that establishes the methodology for reviewing the prices of public works contracts, relating to the execution of works, acquisition of services for the preparation of studies, projects, inspection and provision of investments.
The review measure takes into account possible price variations that may negatively impact the execution of the contracts and the need for corresponding corrective measures, ensuring transparency and contractual justice.
The session analysed the memorandum on the special regime for taxation of accidental services, under the industrial tax -2021.
The Commission addressed requests from investors in the new gas consortium project regarding transfer pricing and Value Added Tax (VAT) regimes.
The meeting approved a memorandum on the assumptions for the preparation of the General State budget for 2022, as well as a review of the macroeconomic programming for the current year.
As for the year 2022, the projections point to a growth of 2.4%, according to the press release.
The Economic Commission also assessed the General State Account for fiscal year 2020, praising the increase in transparency, reflected in the number of records in the State General Budget (OGE) execution platform, the Integrated State Financial Management System (SIGFE ).
The document highlights the results of the National Development Plan (PDN 2018-2022), the Public Investment Programme (PIP) and the Integrated Programme for Intervention in Municipalities (PIIM), including information on credit recovery from the Savings and Credit Bank (BPC).
The consulting body of the President of the Republic approved the restructuring of the Annual Indebtedness Plan (PAE) for the current year to meet the financing needs of the National Treasury, in compliance with the limits imposed in the 2021 OGE.
