Macau and Cape Verde sign agreement to prevent double taxation

15 September 2011

Macau, China, 15 Sept – The double taxation agreement between Macau and Cape Verde was published in the Macau Official Bulletin of 12 September, in a public notice from the Chief Executive of Macau, Fernando Chui Sai On.

Official known as the “Convention to prevent double taxation and prevent tax evasion on income tax,” the agreement ensures that investors will not pay tax twice on a single source of income and clarifies the tax rights of everyone who carries out business and investment activities with Macau.

The double taxation agreement between Macau and Cape Verde was signed on 15 November 2010. (macauhub)

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