Citizenship does not affect taxes in Sao Tome and Principe. Resident individuals are taxed on their worldwide income. Tax Residency is established if the individual spends more than 183 days in São Tomé and Príncipe..
Tax Rates
Sao Tome and Principe levies several taxes
- Personal (0–25%) and
- corporate (25%) tax rates,
- No wealth, inheritance or capital gains tax
Sales Tax: São Tomé and Príncipe applies a value-added tax (VAT) to goods and services at a standard rate of 15%.
Tax Treaty
São Tomé and Príncipe has bilateral investment treaties (BIT) with:
- Angola,
- Cabo Verde,
- Mauritius
- Portugal.
United States
São Tomé and Príncipe does not have a bilateral taxation treaty with the United States. So far No FATCA agreement exists with United States (Non-FATCA country)
United Kingdom
The United Kingdom and São Tomé and Príncipe do not have a bilateral tax treaty (specifically, a Double Taxation Agreement or DTA) in force
Canada
No tax treaty with Canada.
Portugal
São Tomé and Príncipe has several tax agreements, notably the Double Taxation Agreement (DTA) with Portugal to avoid double taxation on income and capital