NEWCO is an inward investment services provider specializing in the implementation of foreign investment in Portugal, including Madeira Island, and Malta.
13 Mar 2018
Portugal: draft resolutions relating to two conventions approved
Portugal continues in its efforts to strengthen bilateral cooperation with regard to taxation. Consequently, on 8 March, the Council of Ministers approved the draft resolutions relating to the following conventions:
- Protocol amending the convention between the Government of the Portuguese Republic and the Government of the Republic of India for the purpose of avoiding double taxation and guarding against tax evasion as regards income tax, signed in Lisbon on 24 June 2017. This protocol is intended to strengthen bilateral cooperation with regard to taxation, incorporating the current international standards concerning transparency and the exchange of information for tax purposes;
- Convention between the Portuguese Republic and the Republic of Finland for the Purpose of Avoiding Double Taxation and Guarding Against Tax Evasion as Regards Income Tax, signed in Brussels on 7 November 2016, aimed at eliminating double taxation on income earned by residents of both states, as well as guarding against tax evasion.
See the full list of double taxation conventions signed by Portugal here.