Key Benefits:
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MOTION FOR RESOLUTION No. 87 /X
Aware that the Convention between the Portuguese Republic and the Republic of South Africa
to Prevent Double Taxation and Prevent Tax Evasion in Tax Matter on the
Income will fundamentally allow to avoid double taxation of the different categories
of income earned by residents in any of the Contracting States;
Considering that the said Convention sets out rules that delimit competence
tax of each state to tax the yields, namely derivatives of
real estate, corporate activities, dividends, interest, royalties, income from the
dependent work and pensions;
Aware that the entry into force of the said Convention will contribute to the creation of
a more stable and transparent tax framework for investors of both states and,
to that extent, positively influence the development of capital flows 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:
Approves the Convention between the Portuguese Republic and the Republic of South Africa for
Avoiding Double Taxation and Preventing Tax Evasion in Tax Matter on the
Income, signed in Lisbon, to November 13, 2006, the text of which, in the versions
authenticated in the Portuguese and English languages, it publishes in attachment.
Seen and approved in Council of Ministers of May 15, 2008
The Prime Minister
The Minister of State and Foreign Affairs
The Minister of the Presidency
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The Minister of Parliamentary Affairs