Cape Verde VAT compliance update

Wed 5th Feb 2014

The Cape Verde VAT Law has been updated from the start of 2014.  The major changes include:

  • The VAT reverse charge will apply on domestic construction services
  • VAT returns must now be filed on a monthly basis, by the last day of the month following the taxable period
  • Companies may treat otherwise taxable supplies to governmental authorities as VAT exempt provided they have confirmed the tax status of the customer with the tax office
  • The place of supply for all supplies of architectural, legal and consulting services is to be considered Cape Verde irrespective of where the customer or property is located
  • Full VAT invoices must now be issued for all transactions

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