MOTION FOR RESOLUTION No. 64 /X

Aware that this Convention will fundamentally allow the double taxation to be avoided

of the different categories of income earned by residents in any of the

Contracting States;

Recognizing that the Convention sets out rules that delimit the competence

tax of each state to tax the yields, namely derivatives of

real estate, business activities, dividends, interest, royalties ,

income from dependent labour and pensions;

Given that its entry into force will contribute to the creation of a framework

more stable and transparent tax for investors of both states and to that extent

positively influence the development of capital flows, as well as the

establishment of cultural relations between both states.

Thus:

Under the terms of the paragraph d) of Article 197 (1) of the Constitution, the Government presents to the

Assembly of the Republic the following motion for a resolution:

To approve the Convention between the Portuguese Republic and the Government of the State of Israel

to Prevent Double Taxation and Prevent Tax Evasion in Tax Matters over

o the Throughput, signed in Lisbon, to September 26, 2006, the text of which, in the versions

authenticated in the Portuguese, Hebrew and English languages, it publishes in attachment.

Seen and approved in Council of Ministers of August 23, 2007

The Prime Minister

The Minister of State and Foreign Affairs

The Minister of the Presidency

The Minister of Parliamentary Affairs