Portugal tax treaty to aid investments

The governments of Japan and Portugal have agreed in principle to sign a tax treaty to help companies in the two countries invest in each other, the Finance Ministry said Monday.

The agreement, still subject to domestic procedures for signing and ratification, would also prevent double taxation, while facilitating cooperation between the authorities to enforce measures against tax evasion.

The ministry says the treaty would support the two countries' attempts to enhance mutual investment and strengthen economic ties.