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Only 200 companies in São Tomé can start charging VAT

Only 200 of the 380 companies identified in São Tomé and Príncipe can start collecting VAT this Thursday, the director of taxes told Lusa, which admits revenues below the €4.8 million expected this year.

"We have identified for VAT [Value Added Tax] taxable persons 380 taxpayers."

"Approximately 200 are in good condition to start collecting VAT."

"Of the 180, there is a group of approximately 50% that has something that needs to be fine-tuned, and to the others, we will have to give a deadline for them to fully comply so that they have all the . . .

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