Timor approval with Portugal to avoid double
ONE It was signed by the two countries on September 27, 2011, having been approved by Portugal on June 8, 2012, requiring the approval of Timor-Leste for it to enter into force.
“With resolution, it is intended that this implementation proposal in force in both countries”, explains o.
The Government said that the prevention aims to “eliminate international double taxation in the different categories of income received by residents of the States, as well as tax evasion”.
It is also intended to “contribute to the creation of a stable fiscal framework favorable to the development of trade and investment between the two states, eliminating the fiscal means for the movement of capital, technology and workers”.
The forecast provides for “the exchange of information of a fiscal nature between the tax administrations of the two States”.
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