Amendment of the rates in the Stamp Duty Schedule - 1993
Decree-Law No. 81/93 Preamble Whereas the importer activity carried out by small and medium entrepreneurs in S. Tomé and Príncipe has been growing steadily, following the current evolution of the country's economy. The use of banking services, as a business facilitation tool, has been very limited by the existence of significantly severe taxation rules on foreign transfer operations or payment orders. The Stamp Duty charged on bank transactions involving payment represents, alone, an increase in costs amounting up to 2.25 per cent of the value of imports when a bank transfer or a simple check payable abroad is intended to be used.