Cape Verde Tax Rates
Cape Verde operates a progressive personal income tax system with rates up to 27.5%. The Direcção Nacional de Receitas do Estado administers the system, featuring a 22% corporate tax rate and 15% VAT. Cape Verde is an island nation with an economy driven by tourism, remittances, and services.
Top Income Tax Rate
27.5%
Corporate Tax Rate
22%
VAT / Sales Tax
15%
Capital Gains Tax
10%
Detailed Tax Information
Income Tax Brackets
Cape Verde levies progressive income tax on residents' worldwide income. Rates range from 0% on the first CVE 300,000 to 27.5% on income above CVE 800,000. Employment income is taxed at source.
| Income Range | Tax Rate |
|---|---|
| CVE 0 – CVE 300K | 0% |
| CVE 300K – CVE 800K | 16.5% |
| CVE 800K+ | 27.5% |
Corporate Tax
The standard corporate tax rate is 22%. Companies in Special Economic Zones or operating in designated priority sectors may benefit from reduced rates. A reduced rate of 2.5% applies to certain micro and small enterprises under the simplified regime.
Standard Rate
22%
Capital Gains Tax
Capital gains are taxed at 10%. This applies to gains from the disposal of property and shares.
Rate
10%
VAT / Sales Tax
VAT is levied at 15% on most goods and services. Essential food items, healthcare, and education are exempt. Exports are zero-rated.
Standard Rate
15%
Cryptocurrency Tax
Cape Verde does not have specific cryptocurrency tax legislation. General income tax principles would apply.
Tax Treaties
Cape Verde has approximately 5 double taxation agreements, primarily with Portuguese-speaking countries.
Treaty Network
5
Double taxation agreements
Major treaty partners:
Key Details
Relocate to Cape Verde
See how much you could save by moving here from your current country.
+$16K
Tax in United States
$24K
24.4% effective
Tax in Cape Verde
$9K
8.5% effective
You Save
65.1%
less tax annually
US Citizens: Important Note
US citizens are taxed on worldwide income regardless of residence. You'll still need to file US taxes, though the Foreign Earned Income Exclusion and Foreign Tax Credit may reduce your liability.
