Cape Verde vs Singapore
Tax Rate Comparison
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๐ฐ Personal Income Tax Calculator
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๐จ๐ป Cape Verde โ Cape Verde Tax System
Cape Verde (Cabo Verde) has a progressive income tax system up to 27.5%. IVA (VAT) is 15%. As a small island developing state with few natural resources, the economy depends on tourism and remittances. The country has a relatively good governance record for West Africa and is pursuing double taxation agreements. A 10% withholding tax applies to dividends and interest.
๐ธ๐ฌ Singapore โ City-State โ No Sub-National Variation
As a city-state, Singapore has no states or regions to create tax variation. Property tax is levied at progressive rates (0โ32% owner-occupied; 12% investment/commercial). CPF (Central Provident Fund) contributions serve as combined social security and retirement savings. There is no inheritance tax or capital gains tax.
Cape Verde vs Singapore: Key Tax Differences (2026)
๐ฐ Income Tax: ๐จ๐ป Cape Verde has a higher top income tax rate (0โ27.5% vs 0โ24%). ๐ธ๐ฌ Singapore is more favourable for high earners.
๐ VAT/Sales Tax: Cape Verde has a higher consumption tax (15% vs 9%).
๐ข Corporate Tax: ๐ธ๐ฌ Singapore offers a lower corporate rate (17% vs 25%), which can influence business location decisions.
๐ Capital Gains: ๐ธ๐ฌ Singapore taxes investment gains at a lower rate (0% vs 25%), benefiting investors.