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Cape Verde National Assembly Approves Pending Tax Treaty with Sao Tome and Principe

16 April 2021

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Treaty Development

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Cape Verde-Sao Tome

The Cape Verde National Assembly reportedly approved the ratification of the pending income tax treaty with Sao Tome and Principe on 12 March 2021. The treaty, signed 27 September 2019, is the first of its kind between the two countries. Taxes Covered The treaty covers the personal income taxes and corporate income taxes of both countries. 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 or other engaged personnel if the activities continue for the same or connected project for a period or...