Cabo Verde State does not know the impact of tax waivers on the country’s economy – TC

Praia, Feb 25 (Inforpress) – The State of Cabo Verde does not know the impact of tax waivers on the country’s economy, revealed the President of the Cabo Verde Court of Auditors (TC), based on the 2016 State General Accounts.

João da Cruz Silva, who was speaking to journalists this Monday after presenting the TC’s report to the 2016 general accounts, at the headquarters of the Specialized Finance and Budget Committee, added that there has been no monitoring by the tax administration regarding tax waivers.

“We have the 2013 tax benefits law, which was amended in 2016, and the idea was to monitor all entities that use tax benefits. However, there has been no follow-up,” he said.

João da Cruz Silva even said that there are entities that used the tax benefits that could be suspended or extinguished, but it is not possible to suspend or extinguish because the tax authority simply does not monitor and does not know the real situation.

MJB/JMV/HVF

Inforpress

Scroll to Top