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8.2.1. Corporate/Profit Taxes

A non-resident entity having a permanent establishment  in Cape Verde is subject to tax on income earned by such permanent establishment in Cape Verde. The tax is levied at the same rate as for resident companies i.e., at the rate of 22% (reduced from 25%, effective 2019). There is no branch tax on the (deemed) remittance of the after-tax income to the foreign head office.

Interest from bonds and similar financial products (except public debts) duly listed on the stock exchange is subject to corporate tax at a reduced rate of 5% until 31 December 2025. Cape Verdean sourced income earned by non-residents not having a permanent establishment in Cape Verde is subject to withholding tax in the country, which is the final tax on such income (see Sec. 8.2.2. below).