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Cape Verde: Government approves reduced special consumption tax rates for gasoline and diesel due to ongoing Russia-Ukraine conflict

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Cabo Verdean Tax Department releases Law No. 13/X/2022, the reduced rates for the special consumption tax (ICE) of gasoline and diesel due to the ongoing Russia-Ukraine conflict. 

 

The following changes have been proposed: 

  • Lowering ICE to CVE 6 per liter of gasoline from 10% 
  • Lowering the direct tax rate of gasoline from 20% to 10%  
  • Lowering the direct tax rate of fuel 180 and 380 from 5% to 0% 

 

 

The reduced ICE rates are valid till December 31. 

 

 

Source: kiosk.incv.cv  

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