Regulatory Alerts2020-08-30
Added · Updated
Instruction on the Specific Exchange Regime Applicable to Exploration-Production Oil Companies
This instruction establishes the specific exchange regime for exploration-production oil companies in the Democratic Republic of Congo, requiring them to export and commercialize all production freely while repatriating export proceeds within 60 days of shipment. It mandates the use of specific declaration models (E.B, I.B, I.S, E.S, R.C) for transactions, imposes a 2‰ foreign exchange control fee payable bi-weekly, and requires the submission of quarterly import reports and monthly statistical data to the Central Bank. The instruction entered into force on April 4, 2007, and repealed prior contradictory provisions, including those granting exemptions for oil platform supplies.
More like this from BCC
We email you every new BCC publication the day it's published.