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Sao Tome and Principe 2024 Budget Tax Measures

23 April 2024

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Approved Changes

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Sao Tome and Principe

According to recent reports, the Sao Tome and Principe president promulgated the Budget Law for 2024 on 12 March 2024. As part of the budget, certain tax measures were approved as follows: Taxpayers with turnover exceeding STN 1 million and those required to keep organized accounting, regardless of turnover, are required to use invoicing software through which all issued invoices must be processed; In connection with the invoicing software requirement, costs for the acquisition of billing software and related equipment may be deducted (depreciated) in full in the year of acquisition; The minimum corporate tax amount is increased from STN...