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Cape Verde Publishes Law for Amending State Budget for 2020

02 September 2020

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Approved Changes

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Cape Verde

Cape Verde's Ministry of Finance has published Law No. 100/IX/2020, which was originally published in the Official Gazette on 11 August 2020 and provides the measures of the Amending State Budget for 2020. Aside from the actual budget amendments, the Law primarily includes measures in response to COVID-19 as follows: A corporate tax credit equal to CVE 20,000 for the hiring of qualifying unemployed persons for a minimum of 12 months, as well as a state allowance of up to 50% of the salary, up to a cap of CVE 25,000, for at least two employees employed by qualifying enterprises...