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.
