USD-PEN Exchange Rate: Buy S/. 3.169
Sell S/. 3.174
Lima, Perú. July 4, 2015
Year of Productive Diversification and Strengthening of Education
Tourism & Gastronomy
Peru, Portugal signed agreement to avoid double taxation
Photo: ANDINA/Prensa Presidencia
Lima, Nov. 19 (ANDINA).
Peru's President Ollanta Humala and his Portuguese counterpart Anibal Cavaco, signed on Monday an agreement to avoid double taxation and prevent fiscal evasion.
The agreement will help promote investment in Peru by exonerating income tax, which facilitates control over tax evasion.
Humala said that the agreement will strengthen the presence of Peruvian and Portuguese companies in both markets.
"If we can serve as a bridge to connect other economies with this region, we will be gladly to do so", Humala said reffering to Portugal's interest in increasing exports to Peru.
Meanwhile, Portugal's president stressed the economic growth achieved by Peru in recent years and said that this country is an indispensable partner for Portugal.