Cabo Verde – COVID-19 – Extraordinary and temporary incentives for the import, production and transfer of medical devices, personal protective equipment and other goods

12/05/20

In brief

Law no. 88/IX/2020, of 7 May, published in the Official Gazette, establishes an extraordinary and temporary regime of incentives for the import, production and sale of medical devices, personal protective equipment and other goods, within the context of COVID-19.


In detail

Law no. 88/IX/2020, of 7 May, published in the Official Gazette, establishes an extraordinary and temporary regime of incentives for the import, production and sale of medical devices (“Dispositivos Médicos” or “DM”), personal protective equipment (“Equipamentos de Proteção Individual” or “EPI”) and other goods, within the context of COVID-19.

The Law establishes:

  • Exemption from VAT, custom duties, excise duties and ecological charge, on both the import and local production of DM, EPI and other goods; this measure is applicable as of April 1st 2020;
  • Exemption from VAT on the transfer of EPI established in the legal diploma, as well as rubbing alcohol and disinfectant gel; this measure is applicable as of May 8th 2020.




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2020 PwC. This communication is of an informative nature and intended for general purposes only. It does not address any particular person or entity nor does it relate to any specific situation or circumstance. PricewaterhouseCoopers Tax Services TLS, Lda. We will not accept any responsibility arising from reliance on information hereby transmitted, which is not intended to be a substitute for specific professional business advice.
 

Leendert Verschoor

Partner, Lisbon, PwC Portugal

+351 213 599 671

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