The National Assembly of Cape Verde approved the special regime for micro and small sized-companies incorporated and registered in Cape Verde.

The Unified Special Tax and Contributions Regime approved by Law 70 / VIII / 2014, of August 26, sets forth several tax benefits. We highlight:

• Unified Special Tax of 4% on the gross sales value, which replaces Income Tax, VAT and fire surcharge, as well as the contribution of the employer to the social security. 
• Reduction of the Unified Special Tax in the first years of incorporation. 
• Exemption of customs and VAT on imported transporting goods vehicles. 
• Exemption of Stamp Duty on financing operations.  

For more information contact A.M.Moura.