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Home Africa

Cape Verde and Spain sign double taxation agreement

Martin Smith by Martin Smith
February 10, 2021
in Africa, Cabo Verde, Cape Verde, Cooperation, FA, Finance, Legal, Legislation, Tax
Reading Time: 1 min read
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Cape Verde and Spain agreed on a new double taxation agreement (DTA) taking effect from January 7, 2021.

Apart from this newly sign DTA, Cape Verde accounts with similar agreements with Macau, Mauritius, Senegal, Guinea Bissau and Portugal, which along with Spain are the two main investing countries in the country.

Recently Cape Verde Prime Minister, Mr. Ulisses Correia e Silva, stressed that “several agreements aiming to avoid double taxation and tax evasion, promotion economic relations and investment protection were executed”, a mechanism often used to increase country capacity to attract foreign direct investment.

Also read: Cape Verde one of the first countries to access Covid-19 vaccines under COVAX Alliance

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Tags: Cabo VerdeCape VerdeCape Verde and Spain sign double taxation agreementdouble taxationFeatureLawlegalLegislationMartin SmithSpainTaxTaxationкабо-вердеالرأس-الأخضرカーボベルデ佛得角
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Martin Smith

Martin Smith

Banker with broad experience in West and Southern Africa regions, performing top management, consultancy and advisory roles. Deep knowledge of Africa’s potential and strengths, despite the quite often mainstream negative rhetoric. Organizations and shareholders counselling on business development with sustainable value creation while adopting policies and decisions complying with international best principles – governance, compliance, anti-money laundering, gender equality and environmental sustainability principles.

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