Cape Verde: Commercial tax rate

The latest value from 2019 is 37.5 percent, an increase from 37 percent in 2018. In comparison, the world average is 40.53 percent, based on data from 184 countries. Historically, the average for Cape Verde from 2005 to 2019 is 42.13 percent. The minimum value, 36.5 percent, was reached in 2013 while the maximum of 53.1 percent was recorded in 2005. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.