imageGuinea Bissau | Decree No. 12/88, of 22 February 1988

Amendment to the Personal Income Tax Code (Imposto Profissional) and to the Complementary Tax Code - 1988

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Decree No. 12/88 of 22 February 1988 For the salary updates, which are being regularly carried out, to produce a corresponding increase in the purchasing power of the respective beneficiaries, it is deemed necessary, at the same time, to readjust the rates and ranks of Personal Income and Complementary Taxes. On the other hand, it is considered appropriate to make the progressiveness of the ranks and rates more equitable, thus discouraging tax evasion, which will, consequently, lead to increased revenues and greater social justice. Upon proposal of the Minister of Finance, the Government hereby decrees, pursuant to article 74 of the Constitution, the following: