Cabo Verde


Last reviewed - 01 March 2024

The Cabo Verde Islands (Cabo Verde), located off the coast of West Africa, became independent on 5 July 1975. Cabo Verde is a representative democracy, with the capital city of Praia accounting for a quarter of its approximately 500,000 citizens. The languages spoken in Cabo Verde are Portuguese and Crioulo, and the currency is the Cabo Verdean escudo (CVE), which is divided into 100 centavos. Since 1998, an exchange agreement between Cabo Verde and Portugal provides a fixed rate between the euro (EUR) and the Cabo Verde escudo as follows: EUR 1 = CVE 110,265.

While Cabo Verde has few natural resources, it is rapidly becoming established as one of the most exciting new markets for tourism development.

PwC Cabo Verde supports clients with the local knowledge and skills of its people and with access to a broad range of other professionals across the PwC global network of firms. The firm provides assurance, advisory, and tax services through a local presence in Cabo Verde.

Quick rates and dates

Corporate income tax (CIT) rates
Headline CIT rate (%)

22.44 (i.e. 22% + 2% surcharge)

Corporate income tax (CIT) due dates
CIT return due date

31 May

CIT final payment due date

31 May

CIT estimated payment due dates

End of March, July, and November.

Personal income tax (PIT) rates
Headline PIT rate (%)


Personal income tax (PIT) due dates
PIT return due date

31 March

PIT final payment due date

31 August

PIT estimated payment due dates


Value-added tax (VAT) rates
Standard VAT rate (%)


Withholding tax (WHT) rates
WHT rates (%) (Dividends/Interest/Royalties)

Resident: NA / 20 / 20;

Non-resident: NA / 20 / 20

Capital gains tax (CGT) rates
Headline corporate capital gains tax rate (%)

Capital gains are subject to the normal CIT rate.

Headline individual capital gains tax rate (%)

Disposal of immovable property, intellectual property, shareholdings: 1;

Gambling, lottery, betting, prizes awarded in sweepstakes, contests: 20

Net wealth/worth tax rates
Headline net wealth/worth tax rate (%)


Inheritance and gift tax rates
Headline inheritance tax rate (%)


Headline gift tax rate (%)


NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.