Cabo Verde Cabo Verde MOF Proposes 2022 State Budget 08 January 2022149 views1 min read 10 percent VAT rate for the tourism sector and restaurants 8 percent from 15 percent for electricity and water consumption exemption on imported machinery and equipment exempt VAT on the import of electric vehicles e-commerce tax promoting digital transactions Source: bloombergtax.com State revenue up almost 30 pct in first four months to €136.5M, 37% indirect tax income increase VAT reduction from 15 to 8% in electricity and water enters into force from January 1, 2022
