2. The organisation, functioning and supervision of financial institutions shall
be regulated by law.
Article 100
(National Bank of Angola)
1. The National Bank of Angola, as the central issuing bank, shall ensure that
the value of national currency is preserved and shall be involved in defining
monetary, financial and exchange rate policies.
2. The law shall prescribe the organisation, functions and attributions of the
National Bank of Angola.
Article 101
(Fiscal system)
The fiscal system shall aim to meet the financial needs of the state and other public
entities, ensure that the economic and social policies of the state are realised and
undertake the fair distribution of income and national wealth.
Article 102
(Taxes)
1. Taxes may only be created by law, which shall determine their applicability
and rate, tax benefits and guarantees for taxpayers.
2. Fiscal regulations shall not be retroactive unless applied as sanctions, when
they are more favourable to taxpayers.
3. The creation of taxes to be paid by local authorities and responsibility for
their collection shall be defined by law.
Article 103
(Special contributions)
1. The creation, modification or cancellation of special contributions due for
public services, the use of the public domain and in any other cases
prescribed by law must be stated in the regulatory law for the appropriate
legal system.
2. Social security contributions, payments for work or services provided by
public entities or organisations under the terms of private law and any other
contributions prescribed in law shall be governed by specific legislation.
Article 104
(State Budget)
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