| Cape Verde Income Tax Rates Income Tax Rates in Cape Verde are between 15% - 45%.
Cape Verde Corporate Tax RateCape Verde Corporate Tax Rate is 30%.
Other Taxes in Cape VerdeCape Verde Transfer Tax Rates
Transfer Tax in Cape Verde is charged at a flat rate of 3% of the property value and is paid prior to the signing of the deed of purchase and sale.
Cape Verde Property Holding Tax
This tax is charged at a flat rate of 3% on 25% of the value of the property and is paid annually every April (or in two installments in April and September).
Cape Verde Capital Gains Tax
In Cape Verde, the Capital Gains Tax becomes due if the sale value of a construction plot shows more than a 100% increase on the original price. Also if any other property makes a 30% increase on the original price, it will face Capital Gains Tax also.
In both cases, capital gains are taxed at a flat rate of 3% and must be paid within 30 days of the deed and be accompanied by a capital gains statement (Declaracao de mais valias).
Cape Verde Inheritance Tax / Gift Tax
Any inherited or gift property in Cape Verde is taxed at a flat rate of 3% on the attributed value of the property. Cape Verde Inheritance Tax / Gift Tax is payable by the receiving party. The attributed value is determined by the authorities.
Cape Verde Income Tax on Rental Income for Nonresidents
Income tax for nonresidents is charged at a flat rate of 20% on the profit. Certain expenses are allowable to be charged against the gross income received, which are:
- 10% allowance for maintenance, or wear and tear
- 30% on any interest paid on a mortgage
- Property Holding Tax
Other expenditure like condominium fees (or service charges), letting agents fees, accountancy fees, legal fees and other maintenance costs may also be allowable. Costs of purchase or capital expenditure to improve the property are not allowable.
Cape Verde Vale Added Tax RatesThe standard rate of Value Added Tax in Cape Verde is 15%.
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