Cape Verde

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Published on: 2023-04-19 10:46:30

Last modified: 2023-04-25 13:35:44

Rating: ★★★★★ [ 1 Votes ]

Reference(s) Cape Verde Ministry of Finance

Tax tables last updated: 2023-04-19 09:12:06 [Update Rates]

Currency Cape Verdean Escudo [ CVE ] [ Esc ]

Introduction

Below are specific calculators for the calculation of Personal Income Tax (PIT) and Corporation Income Tax (CIT) in Cape Verde. These tax calculators are for resident and non-resident tax filing status in Cape Verde. The Cape Verde tax calculators are updated with the rates and thresholds up to and including the 2023 tax year, specific tax rates and thresholds can be reviewed in the Cape Verde tax tables.

Introduction to Tax in Cape Verde

Cape Verde is a small island country located in West Africa. The country has a unique tax system, which is designed to promote economic growth and development.

The tax system in Cape Verde is based on a progressive income tax system, which means that individuals with higher incomes pay a higher percentage of their income in taxes than those with lower incomes. The tax system in Cape Verde is also designed to be simple and transparent, which helps to promote compliance and reduce tax evasion.

In addition to income tax, there are other taxes that are levied in Cape Verde, including value-added tax (VAT), customs duties, and property taxes. These taxes are used to fund government services and programs, such as education, healthcare, and infrastructure development.

Calculating taxes in Cape Verde can be a complex process, especially for individuals and businesses that are not familiar with the country's tax laws and regulations. However, we provide several online tax calculators , each are available to help individuals and businesses estimate their tax liability and support compliance with local tax laws.

Tax Calculators for Cape Verde

We have several tax calculators available online that can help individuals and businesses in Cape Verde calculate their tax liability. These calculators take into account the various taxes that are levied in Cape Verde, including income tax, VAT, customs duties, and property taxes.

One popular tax calculator for Cape Verde is our Cape Verde Income Tax Calculator, which is designed to provide accurate estimates of tax liability based on income, deductions, and other factors. The calculator is easy to use and can be accessed online from anywhere in the world and uses the latest income tax rates for Cape Verde.

Another tax calculator for Cape Verde is the iCalculator™ Salary Calculator, which is designed to provide a comprehensive overview of the country's payroll deductions. The calculator includes information on income tax, personal allowances and other payroll deductions and can be used by both individuals and businesses.

Conclusion

The tax system in Cape Verde is designed to promote economic growth and development while also ensuring that individuals and businesses pay their fair share of taxes. While calculating taxes in Cape Verde can be a complex process, our tax calculators are available to help individuals and businesses estimate their tax liability and support compliance with local tax laws.