Cape Verde Implements Self-Invoicing Ordinance

Cape Verde has introduced a self-invoicing Ordinance to regulate the issuance of invoices by purchasers on behalf of taxable suppliers.
The ordinance applies to entities with organized accounting obligations, including public entities, organizations, small businesses, and taxpayers classified as microenterprises.
Invoices must clearly mention the goods seller or service provider and can be processed electronically through digital channels like SMS, email, or electronic mailbox.
The self-billing regime is applicable only to transactions associated with the acquirer’s main activities.
Microenterprise taxpayers have the option to choose coverage under the self-billing regime while still maintaining the obligation to issue invoices.
The ordinance came into effect on 1 January 2024, the day after its publication.