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| Portugal Begins New DTA Negotiations |
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, June 21, 2011
The Portuguese government is seeking to expand its tax treaty network, beginning
negotiations with three new countries over the last month: Peru, Gabon and Senegal.
The Peruvian negotiations were announced by the Portuguese government on June
17. According to the Finance Ministry, it is hoped that the two countries will
be able to conclude the double tax agreement (DTA) talks by the end of the year.
Portugal already has DTAs with other regional governments, namely Brazil, Chile,
Colombia, Cuba, Mexico, Panama, Uruguay and Venezuela.
The Finance Ministry also hopes to wrap up talks with Gabon by the end of 2011.
The commencement of negotiations was announced on June 14.
In addition, the government is aiming at a deal with Senegal, as it stated
on June 7.
In Africa, Portugal currently has DTAs with Cape Verde, Guinea-Bissau, Mozambique and
South Africa.
The Finance Ministry has stressed that each of these sets of talks are a fundamental
part of the government's effort to expand Portugal's DTA network, thus helping
the country's businesses in the international market.
Both Latin America and Africa are seen as being of particular importance, due
to the increasing presence of Portuguese business in each region.
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