imageSão Tomé and Príncipe | Decree-Law No. 9/2019, of 23 September 2019

Consumption Tax Rate on Telecommunications and Hotel Services

Preview Extract:

Decree-Law No. 09/2019 Approves the Amendment to the Rate of the Tax on Telecommunications and Hotel Services Considering that the last amendment in the rate applicable to consumption tax on the provision of services took place in 2005, through Decree-Law No. 9/2005, of 1 August 2005, which adjusted the rate from 2% to 5%; Considering that since then there have been various transformations in society that have substantially modified the approach to the consumption of certain services, especially in the areas of telecommunications and hotels; Whereas the importance of telecommunications and hotel services in the country's development process and their increasingly decisive role in wealth creation, it is appropriate to adjust the rate applicable to such services.