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Press Release
Meeting of the Council of Ministers on February 19th, 2025
The Council of Ministers met at the Government Palace in Dili and, in accordance with the project presented by the Minister of the Presidency of the Council of Ministers, Agio Pereira, decided to appoint Nelson Maria dos Santos Menezes as the Statutory Auditor of the National Press of Timor-Leste, IP. This appointment takes into account his recognized technical competence and aptitude for the exercise of his functions, and is made on a service commission basis, for a period of four years, on a part-time basis.
In accordance with the draft presented by the Minister of Finance, Santina José Rodrigues F. Viegas Cardoso, and following the proposal presented by the United Arab Emirates to conclude a convention for the avoidance of double taxation and the prevention of fiscal evasion with regard to income taxes, the Council of Ministers decided to authorize the Minister of Finance to negotiate with the authorities of the United Arab Emirates and to present a counter-proposal that ensures the fair sharing of the respective costs and benefits between the two countries and ensures the effective promotion of investment.
Finally, following the project presented by the Minister of Petroleum and Mineral Resources, Francisco da Costa Monteiro, the Council of Ministers also decided to authorize the expenditure for the signing of the Subsidy Contract between the Ministry of Petroleum and Mineral Resources and TIMOR GAP, EP in the amount of 16 million US dollars for the year 2025. END