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São Tomé and Príncipe Prime Minister says VAT could be country’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) might be "the lifebuoy" in the face of the "quite worrying" situation of revenue collection in the archipelago.

The head of the STP government was speaking on the island of Príncipe at the national campaign launch on the VAT implementation that the authorities are planning for the second half of the year.

"This new tax may appear today as a lifeline, given a very worrying picture regarding revenue, but it has to be . . .

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