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As part of its strategy to stimulate investment in new exploration and in mature oil fields, the Angolan government has approved a package of tax incentives to oil blocks during the current year of 2023. The incentives have been extensive and applicable to multiple blocks. As it may be difficult to keep track of all incentives granted, we prepared the following table with summarizes the blocks concerned and the level of tax incentives extended to each block. We hope this is helpful!
Oil Blocks 2023 Tax Incentives:
Rui Amendoeira – OneLegal Partner
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