Home | Macau | Macau, Cape Verde sign tax agreement

Macau, Cape Verde sign tax agreement

Font size: Decrease font Enlarge font

Macau and Cape Verde yesterday signed an agreement to avoid double taxation and tax evasion. Macau’s secretary for Economy and Finance, Francis Tam Pak Yuen, and Cape Verde’s State deputy secretary, Humberto Brito, signed the convention.
The arrangement is meant to avoid double taxation by both jurisdictions on the same income of Cape Verde nationals or Macau residents.
In MSAR the agreement will affect the professional tax, the complementary income tax, and investments. It will also make life easier for companies operating in both markets.
The convention with Cape Verde was the fifth one signed by the MSAR Government, after mainland China, Portugal, Belgium and Mozambique.

Tagged as:

No tags for this article
  • Email to a friend Email to a friend
  • Print version Print version

Subscribe to comments feed Comments (0 posted)

total: | displaying:

Post your comment

Please enter the code you see in the image:


Responsible Right of Expression — In the interest of freedom of expression, coupled with a true sense of responsibility to encourage community dialogue, the Macau Daily Times offers its readers the opportunity to express their opinions on new-related matters through this website. All opinions are welcome. However, we reserve the right to remove comments that are deemed to be obscene, or are merely insults written under the cloak of anonymity. MDT