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Cape Verde VAT compliance update

  • VAT
  • 05 February 2014 | Richard Asquith

Cape Verde VAT compliance update

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

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.