Cabo Verde: Tax treaties – Angola, Equatorial Guinea and São Tomé e Príncipe
08/04/21
In brief
Parliament Resolutions 192/IX/2021, 194/IX/2021 and 195/IX/2021, published in the Official Gazette of 31 March 2021, approve for ratification the tax treaties concluded between Cabo Verde and respectively Angola, Equatorial Guinea and São Tomé e Príncipe.
In detail
Parliament Resolutions 192/IX/2021, 194/IX/2021 and 195/IX/2021, published in the Official Gazette of 31 March 2021, approve for ratification the tax treaties concluded between Cabo Verde and respectively Angola, Equatorial Guinea and São Tomé e Príncipe.
The tax treaties foresee among other measures the following tax rates:
Type of income |
Tax treaty with Angola |
Tax treaty with Equatorial Guinea |
Tax treaty with São Tomé e Príncipe |
Dividends |
5% (*) 10% |
10% |
10% (*) 15% |
Interest |
8% |
10% |
10% |
Royalties |
7.5% |
10% |
10% |
Fees for technical services |
5% |
10% |
n/a |
(*) Ownership of at least 25% of the share capital for 365 consecutive days.
The tax treaties are not yet in force.
© 2021 PwC. This communication is of an informative nature and intended for general purposes only. It does not address any particular person or entity nor does it relate to any specific situation or circumstance. PricewaterhouseCoopers Tax Services TLS, Lda. We will not accept any responsibility arising from reliance on information hereby transmitted, which is not intended to be a substitute for specific professional business advice.
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