On 12 March 2021, the Cape Verde National Assembly approved for ratification the pending income tax treaty with Equatorial Guinea. The treaty, signed 16 April 2019, is the first of its kind between the two countries. Taxes Covered The treaty covers Cape Verde corporate income tax and individual income tax, and covers Equatorial Guinea corporate income tax, minimum corporate tax, individual income tax, employer contributions, and capital gains tax on developed and undeveloped land. Service PE The treaty includes the provision that a permanent establishment will be deemed constituted if an enterprise furnishes services in a Contracting State through employees...