On 12 November 2021, the Inland Revenue Authority of Singapore issued a release on the income tax treaty with Cape Verde that was signed on 17 August 2021. The treaty is the first of its kind between the two countries.
Taxes Covered
The treaty covers Cape Verde personal income tax and corporate income tax and covers Singapore income tax.
Service PE
The treaty includes the provision that a permanent establishment will be deemed constituted when an enterprise furnishes services within a …