Cabo Verde and Guinea-Bissau sign agreement to avoid double taxation

20 July 2015

The governments of Guinea-Bissau and Cabo Verde (Cape Verde) signed agreements to avoid double taxation and prevent tax evasion at the end of a four-day working visit to Guinea-Bissau by the Prime Minister of Cabo Verde, José Maria Neves.

Alongside the tax agreement, Cabo Verde will train Guinean technicians so that the country can have a quality control laboratory for fish, among other facilities.

The two governments also agreed on the possibility of holding summits every two years, Portuguese news agency Lusa reported.

The Cape Verdean prime minister also expressed a wish to see some municipalities on the islands twinned with the Guinean island of Bolama, following his visit to two other islands, Bubaque and Rubane.

Pharmaceutical Inpharma also signed a memorandum of understanding with the Guinean Ministry of Public Health for the manufacture of drugs in Guinea-Bissau.

Neves highlighted the ongoing work in Guinea-Bissau, a country he said had “picked itself up after several years of unrest,” and praised the performance of Prime Minister Domingos Simões Pereira.

Simões Pereira, in turn acknowledged that the two countries were creating “the synergies needed for a strategic partnership” in which the private sector “will have a say.” (macauhub/CV/GW)