Key Benefits:
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