The Moldovan government has announced the signing of a Convention for the Avoidance of Double Taxation and Prevention of Fiscal Evasion with Respect to Income Taxes with Portugal.
The agreement was signed during the Moldovan Prime Minister’s recent visit to Portugal. The agreement will remove double taxation on trade and investment.
An accord on social security was also signed. This agreement will make citizens visiting or residing in the partner country eligible for funded medical assistance and support in the event of illness, maternity, disease, old age and unemployment. The agreement will also provide compensation for any damage arising from accidents in the workplace. According to official Moldovan statistics, 15,000 Moldovan citizens are currently resident in Portugal.
The two parties also discussed increased cooperation, particularly in port construction, suggesting that capitalising on Portugal’s vast experience could help boost Moldovan trade relations by sea.
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