imageSão Tomé and Príncipe | Law No. 13/2019, of 6 November 2019

Value Added Tax Code (entry into force suspended)

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Law No. 13/2019 Law approving the Value Added Tax Code (CIVA) Addressing the need to reform indirect taxation in the legal and tax system of São Tomé and Príncipe, as the current consumption tax is no longer appropriate for the current revenue collection requirements for public funds; Taking into consideration that the implementation of the VAT in São Tomé and Príncipe meets Government targets regarding the widening of the tax base and thus greater tax fairness and equity; Also considering the collection potential provided by VAT and its modernizing effect on the San Tomean tax system as a whole, as it fully operates through computer systems, both in terms of returns and payment, which induces the economic operator to join the electronic invoicing system;