imageSão Tomé and Príncipe | Decree-Law No. 12/2016, of 16 November 2016

Amendment of the rates in the Stamp Duty Schedule (documents) - 2016

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DECREE-LAW No. 12/2016 AMENDMENT OF THE VALUE OF STAMP DUTY ON DOCUMENTS, APPROVED BY DECREE-LAW No. 7/2005 OF 01 AUGUST 2005 The economy of São Tomé and Príncipe has experienced extremely high levels of inflation over the past 10 years, which has led to a clear inadequacy of taxes, fees, fines and other fixed amounts in respect of the administrative costs inherent to the whole assessment and collection process; Therefore, in order to adjust these specific values resulting from the evolution of the accumulated inflation itself during this period, it is necessary to update the stamp duty levied on documents, approved by Decree-Law No. 7/2005, of 01 August 2005,