Cabo Verde

Individual - Other taxes

Last reviewed - 25 November 2019

Social security contributions

Individuals are subject to social security contributions on their gross income at 8%. The rate applies on the monthly earnings of all employees (excluding civil servants and public officials).

Social security contribution due by the employer is 15%.

Consumption taxes

Value-added tax (VAT)

The VAT system in Cabo Verde closely follows the European Union (EU) VAT system and is assessed at the standard rate of 15%.

See the Other taxes section in the Corporate summary for more information.

Special consumption tax

A special consumption tax is imposed at rates ranging from 10% to 150% on goods that are deemed superfluous, luxurious, or undesirable for economic, social, or environmental policy reasons.

See the Other taxes section in the Corporate summary for more information.

Property tax

Property tax (Imposto Único sobre o Património or IUP) at the rate of 1.5% is due on the registered value of real estate owned by an individual.