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Cape Verde Government Tax Reform Plans

29 January 2020

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Proposed Changes

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Cape Verde

The Cape Verde government is reportedly planning broad tax reforms to transform Cape Verde into a more competitive and attractive investment jurisdiction. The reform plans include: Refocusing fiscal policy, with an emphasis on indirect or expenditure taxation; Introducing a favorable tax regime for capital income; Introducing incentive measures for attracting foreign investments; Introducing measures to encourage and promote business capitalization by strengthening equity; Introducing a shipping regime; Establishing a tax arbitration center as an alternative means of resolving tax disputes between taxpayers and the tax authority; Strengthening environmental and health taxation; Expanding the tax treaty network; Reducing country reputational risk;...