Regulatory Alerts2022-07-28
Circular Letter No. 05/2022 – Financial System: Compliance with Tax Obligations and Seizure Warrants
The Banco Nacional de Angola requires Banking Financial Institutions to strictly comply with tax obligations and seizure warrants issued by the General Tax Administration, mandating the attachment of funds in debtor accounts and notification to the Fiscal Execution Administrative Body. Grounded in Angola’s General Tax Code and Financial Institutions Law, this directive assigns the central bank sole authority to resolve any resulting doubts or omissions. The circular enters into force upon publication and applies universally to all regulated banking entities.
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