São Tomé and Príncipe Prime Minister says VAT could possibly be nation’s “lifebuoy” 

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São Tomé and Príncipe Prime Minister says VAT could possibly be nation’s “lifebuoy” 


The Prime Minister of São Tomé and Príncipe (STP), Patrice Trovoada, admitted on Monday, 21, that the implementation of the Value Added Tax (VAT) could be “the lifebuoy” within the face of the “fairly worrying” scenario of income assortment within the archipelago.

The head of the STP authorities was talking on the island of Príncipe on the nationwide marketing campaign launch on the VAT implementation that the authorities are planning for the second half of the yr.

“This new tax might seem at this time as a lifeline, given a really worrying image relating to income, but it surely must be . . .

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