Guinea Bissau: Agreement to prevent double taxation with Portugal delayed “indefinitely”

11 December 2007

Lisbon, Portugal, 11 Dec – Portugal has put off its signing of the agreement to prevent double taxation with Guinea Bissau, “indefinitely” the Guinean Finance minister, Issufo Sanhá said in Lisbon Monday.

The minister, who together with Guinean president, João Bernardo “Nino” Vieira, took part in the 2nd EU/Africa Summit, which took place over the weekend in Lisbon, said he was unaware of the reasons behind the cancellation, which was communicated to him by telephone.

Sanhá said he was now awaiting a formal position from the Portuguese Foreign Affairs Ministry, as “there is a total understanding” between the Finance departments of both countries.

Sanhá said he was making efforts for the agreement to be signed next week in order to coincide with a visit by Guinean Prime Minister, Martinho N’Dafa Cabi to Lisbon leading the Guinean delegation at the international meeting on drug trafficking in Guinea Bissau, to be held on December 19.

Last August, during an official visit to Lisbon by N’Dafa Cabi, a memorandum of understanding was signed between the Finance Ministries of both countries, when negotiations for signing the agreement were set for the first week in December.

The agreement would complement another signed at the beginning of the 1990s for mutual protection of investments. (macauhub)