Angola and Portugal put an end to double taxation

17 September 2018

Angola and Portugal are due this week to sign a convention to end double taxation between the two countries, as part of a two-day visit to Angola that the Portuguese prime minister is due to start on Monday, financial newspaper Jornal de Negócios reported last Friday.

The newspaper reported that although Portugal’s finance ministry did not confirm that the agreement will be signed during the prime minister’s visit, the Angolan Secretary of State for International Cooperation, Domingos Vieira Lopes had already admitted the possibility of signing the agreement during Costa’s visit to Luanda.

“The agreement to avoid double taxation between Angola and Portugal is in progress and practically concluded,” the newspaper wrote quoting the Secretary of State for International Cooperation.

The Portuguese Minister of Foreign Affairs, Augusto Santos Silva, said the visit “will have a very important economic component because the commercial relationship and in terms of reciprocal investments of Portugal and Angola is very intense.”

Santos Silva said in Brussels on the sidelines of a NATO summit in July that Portugal and Angola will also sign the new strategic cooperation programme and meet with the Portuguese community in Luanda.

Jornal de Angola reported that the Portuguese prime minister is speaking on Tuesday at the “Angola-Portugal Economic Forum: for a strategic partnership.”

The Forum is organised by Angola’s Private Investment and Export Promotion Agency (AIPEX) and its equivalent Agency for Investment and Foreign Trade of Portugal (AICEP). The Minister of State for Economic and Social Development, Manuel Nunes, is to to make the opening speech at the meeting.

The schedule shows that the General Investment Plan will be presented during the meeting, with contributions from the presidents of Aipex, Licínio Contreiras and AICEP, Luís Filipe de Castro Henriques, as well as a letter of intent signed to support the Development Finance Company (Sofid) of Portugal for a project of Angolan company Metalser. (macauhub)