Macau and Mozambique sign agreement to prevent double taxation

6 June 2007

Macau, China, 6 June – Mozambique and Macau this month will sign an agreement to prevent double taxation and income tax evasion, according to a report in the Tribuna de Macau newspaper.

The paper said that the agreement would be signed during an official visit to Macau by the Mozambican Finance Minister, Manuel Chang, between June 14 and 17.

Macau has a similar agreement with Portugal and plans to sign others with Portuguese-speaking countries.

The Macau secretary for the Economy and Finance, Francis Tam Pak Yuen, last year announced that, after signing the agreement with Portugal, Mozambique would follow.

The secretary for the Economy and Finance said at the time that Macau also had a double taxation agreement with the central government in Beijing.

He also said that the Macau government planned to strengthen the role of the special administrative region as a “service center” between China and the Portuguese-speaking world. (macauhub)