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Cape Verde Amends Criteria for Large Taxpayer Status

16 August 2023

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Approved Changes

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Cape Verde

Cape Verde has amended the criteria for a taxpayer to be categorized as a large taxpayer. This includes an increase in the annual turnover threshold from CVE 200 million to CVE 300 million, as well as the addition of the following as large taxpayers: Entities under the supervision of the Bank of Cape Verde; Entities engaged in telecommunications and the production and distribution of water and electricity; Entities that are not specified but are considered relevant, considering, namely, their corporate relationship with the companies otherwise categorized as large taxpayers; and Entities indicated by the National Directorate of State Revenue, with...