The Ministerial Diploma no. 77/2021, dated 16 August, amended the concentration fees due for procedures before the Competition Regulatory Authority (“ARC”), including notification of concentration’s fee.
Under the terms of the previous law (Ministerial Diploma no. 79/2015), concentration notifications were subject to the payment of a fee corresponding to 5% of the turnover of the year prior to the application.
Now, this rate has been significantly reduced from 5% to 0.11%, with a maximum limit of 2.250.000 MT of the turnover.
This Ministerial Diploma entered into force on 16 August 2021.
Article by Duarte Marques da Cruz
Duarte Marques da Cruz
Duarte Marques da Cruz is partner of the Portuguese law firm MC&A, specialised in international business advisory, with a special focus in Lusophone markets. With extensive experience in the Energy sector (Renewables and Oil & Gas) and in International Taxation, he has supported international companies in major upstream, midstream transactions and projects, including in implementing, exploration and development programs. Duarte has also supported international clients in other areas of practice, namely, Mining, Transport & Logistics, Regulatory Compliance and Mergers & Acquisitions in Mozambique, Angola and Portugal.
Through this Simplification Project, Angola shows to investors and economic players that intends to maintain its bet on the internal and external investment; on other hand, it is important to note that this simplification procedure is only at its beginning and is expected a wider range of facilitation in multiple public administration proceedings and regarding more sectors of the economy.