Cape Verde State Budget for 2026 Approved Including Corporate Tax Rate Reduction and Introduction of QDMTT

Cape Verde's National Assembly has approved the State Budget Law for 2026, Law No. 69/X/2025 of 31 December 2025. Some of the main tax measures of the law include the following:

• The corporate income tax rate is reduced from 21% to 20%;
• A 15% Global Minimum Tax (Imposto Mínimo Global - IMG) is introduced for multinational groups with annual revenues of at least EUR 750 million in at least two of the previous four years, which is applied as a qualified national supplementary tax (i.e., a QDMT…