VATupdate

Share this post on

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.

Source Camara.cv

See also



 

Sponsors:

VAT news

Advertisements: