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Approves The Convention Between The Portuguese Republic And The State Of Kuwait For The Avoidance Of Double Taxation And The Prevention Of Fiscal Evasion With Respect To Taxes On Income, Signed At Lisbon On 23 Of February 2010

Original Language Title: Aprova a Convenção entre a República Portuguesa e o Estado do Koweit para Evitar a Dupla Tributação e Prevenir a Evasão Fiscal em Matéria de Impostos sobre o Rendimento, assinada em Lisboa, a 23 de Fevereiro de 2010

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CHAIR OF THE COUNCIL OF MINISTERS

Proposal for Resolution No. 25 /XI/1.

The Portuguese Republic and the State of Kuwait, with a view to enhancing cooperation

economic in tax, signed, on February 23, 2010, in Lisbon, a

Convention to Prevent Double Taxation and Prevent the Tax Evasion in Matter of

Taxes on the Throughput.

Double taxation is an obstacle to international investment and the movement of

goods, services and capital.

So, with a view to eliminating that obstacle and preventing tax evasion, it was concluded to

this Convention, by which the Contracting States have regulated the respective rights of

tax in the situations with connection to both states.

The said Convention represents an important contribution to the creation of a

stable and favourable fiscal framework for the development of trade and trade

investment flows between both states, eliminating tax barriers to the movement of

capitals, technologies and people. On the other hand, it constitutes an instrument of the largest

importance for bilateral cooperation in tax matters, notably through the exchange

of information, with a view to preventing tax evasion.

This Convention applies to taxes on the income required by each of the

Contracting States, or of their political, administrative subdivisions, or authorities

locations, regardless of the system used for your charging.

CHAIR OF THE COUNCIL OF MINISTERS

Proposal for Resolution No. 25 /XI/1.

It thus covers all taxes incidents on the total income or on installments of the

income, including taxes on gains derived from the disposal of goods

securities or real estate, the taxes on the overall amount of wages paid by the

companies, as well as taxes on the most-valuable ones.

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:

Approve the Convention between the Portuguese Republic and the State of Kuwait to Avoid the

Double Taxation and Preventing Tax Evasion in Income Taxes on the Throughput,

signed in Lisbon, on February 23, 2010, the text of which, in the authenticated versions in the

Portuguese, Arabic and English languages, publishes in annex.

Seen and approved in Council of Ministers of August 5, 2010

The Prime Minister

The Minister of State and Foreign Affairs

The Minister of the Presidency

The Minister of Parliamentary Affairs