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Cape Verde Amending State Budget for 2020 Presented in Parliament

|Proposed Changes|Cape Verde
Cape Verde

Cape Verde's Amending State Budget for 2020 was presented in parliament on 1 July 2020, which primarily includes measures in response to COVID-19. Some of the main measures include:

  • A 10% reduced VAT rate on:
    • hotel accommodation services and catering services;
    • all services provided by tour operators classified as micro, small, or medium-sized enterprises; and
    • services provided by entities with tourist utility status that promote cultural events;
  • Advance corporate tax payment relief for Sep…

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