|Corporate Income Tax||25%||A|
|Capital Gains Tax||25%|
|Interest on shareholder loans: resident shareholders||20%||B D|
|Interest on shareholders loans: non-resident shareholders||20%||D|
|Interest on private and public company bonds: paid to residents||10%||B D|
|Interest on private and public company bonds paid to non-residents||10%||C|
|Interest on bank deposits: paid to residents||10%||B|
|Royalties paid to residents||20%||B|
|Royalties paid to non-residents||20%||C|
|Payments for services and commissions paid to residents||0%|
|Net Operating Losses (years)|
|Dividends paid to residents||10%||B|
|Dividends paid to non-residents||10%||C|
|Interest on bank deposits: paid to non-residents||20%||C|
|Payment for services and commissions paid to non-residents||20%||E|
|Rental income paid to residents||0%|
|Rental income paid to non-residents||20%||B|
|Branch Remittance Tax||0%|
A Corporate income tax (Imposto sobre o Rendimento das Pessoas Colectivas, or IRPC) applies to resident companies and non-resident companies with permanent establishments (PEs) in Cape Verde. Micro- and small-sized companies can benefit from a 4% reduced rate, which applies to their turnover.
B Income must be declared and is subject to the normal tax rates. Amounts withheld may be credited against the IRPC due.
C These rates may be reduced or eliminated by tax treaties.
D A withholding tax exemption is available regarding interest from shareholder loans and corporate bonds if the shareholder is a pure holding company (sociedade gestora de participações sociais, or SGPS) holding a stake of at least 10% for at least one year in the affiliated company.
E The 20% rate applies to most services and commissions and may be eliminated under a tax treaty.
F The amount deductible each year is capped at 50% of the taxable profit for the year.