Cape Verde: Income and profits taxes
* indicates monthly or quarterly data series
| Cape Verde |
Income, profits, and capital gains taxes: percent of revenue |
|---|---|
| Latest value | 22.70 |
| Year | 2020 |
| Measure | percent |
| Data availability | 2005 - 2020 |
| Average | 23.04 |
| Min - Max | 20.69 - 25.18 |
| Source | The World Bank |
The latest value from 2020 is 22.7 percent, a decline from 23.58 percent in 2019. In comparison, the world average is 24.43 percent, based on data from 130 countries. Historically, the average for Cape Verde from 2005 to 2020 is 23.04 percent. The minimum value, 20.69 percent, was reached in 2010 while the maximum of 25.18 percent was recorded in 2012.
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Definition: Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 22.09 | 2024 | percent |
| Government spending, in dollars | 0.70 | 2025 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -1.07 | 2024 | percent |
| Primary budget balance | 1.28 | 2024 | percent |
| Government expenditure | 15.93 | Q1/2026 | billion |
| Tax revenue | 18.39 | 2020 | percent |
| Commercial tax rate | 37.50 | 2019 | percent |
| Tax preparation time | 180 | 2019 | hours |
| Taxes on goods and services | 36.17 | 2020 | percent |
| Taxes on international trade | 15.03 | 2020 | percent |
| Income and profits taxes | 22.70 | 2020 | percent |
| Foreign aid | 101.71 | 2023 | million U.S. dollars |
| Government debt | 111.23 | 2024 | percent |
| Short-term government debt | 5.28 | 2024 | percent |