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Angola: amendments in Excise Tax Regulation
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The Excise Tax Regulation, which entered into force on November 20th, was recently republished, primarily aiming at ensuring a deeper clarification concerning the definition of taxpayer, settlement and payment obligations, as well as proper identification of the individual responsible for it.
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Angolan debt and stock market now operational
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The Angolan debt and stock market - Bolsa de Dívida e Valores de Angola - commenced trading, in an initial phase, public debt and records of operations outside the financial centre, that is, commenced Treasury Bonds trading and registration.
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Macao joins North-American FATCA
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Macao and the United Estates closed negotiations concerning execution of an intergovernmental agreement, aiming to promote among financial institutions operating in Macao the meeting of requirements established by «Foreign Account Tax Compliance Act» (FATCA) .
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Macao: 6.06% inflation rate in November
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Overall average Consumer Price Index (CPI) for the 12 months period that ended in November, compared to the previous 12 months period, rose by 6.06%, with significant increases in the housing and fuel - 11.86% raise; food and soft drinks - 6.77% raise - price indexes. However, the communications section price index fell 0.45%.
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Mozambique Bank keeps interest rate
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The Bank of Mozambique met in December 12th to consider the monetary policy document, and decided to keep at 7.5% the interest rate of the Marginal Lending Facility, at 1.5% the interest rate of the Deposit Facility, and at 8% the coefficient of Minimum Reserves.
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Portugal: changes in urban leasing in 2015
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As of January 18th new rules in housing and commercial leasing enter into force. The new regime applies to contracts transition procedures under urban leasing yet to be concluded at the date of entry into force of this binding document.
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Exports by non-residents in Portugal
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The Tax Administration (Administração Tributária - AT) explained the legal framework of goods sale operations by VAT taxpayers in Portugal to non-residents or entities without an establishment in Portugal.
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East-timor 2015 budget
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The National Parliament approved in general terms the 2015 Draft Budget Bill. This Budget will amount to USD 1,57 billion, a raise under 5% as compared to the amount allocated in 2014. East-Timor Strategic Development Plan will continue guiding expenditure with a expenditure anticipation policy concerning priority projects that will irreversibly contribute in medium and long term to economic growth.
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