Cape Verde Payroll & Social Contributions

Social security (INPS) and payroll

Social security in Cape Verde is administered by the Instituto Nacional de Previdencia Social (INPS), funded by employer and employee contributions on gross salary. Employers also withhold IRPS from wages each month.

• Employer social security contribution — 16% of gross salary % (Lei das Contribuicoes para a Previdencia Social (INPS))
• Employee social security contribution — 8.5% of gross salary % (Lei das Contribuicoes para a Previdencia Social (INPS))
• Total social security contribution — 24.5% of gross salary (16% employer + 8.5% employee) % (Lei das Contribuicoes para a Previdencia Social (INPS))
• Contribution wage base — Contributions are levied on gross salary; no statutory upper ceiling is generally applied ((approx — confirm)) (Lei das Contribuicoes para a Previdencia Social (INPS))
• Payroll income-tax withholding (PAYE-equivalent) — Employers withhold IRPS at source (retencao na fonte) from employee salaries each month (Codigo do IRPS (Personal Income Tax Code))
• INPS contribution remittance deadline — By the 15th of the month following the payroll month, via the INPS portal ((approx — confirm)) (Lei das Contribuicoes para a Previdencia Social (INPS))
• Withheld IRPS remittance deadline — Withheld IRPS is remitted to the DGI monthly, typically by the 15th of the following month ((approx — confirm)) (Codigo do IRPS (Personal Income Tax Code))
• Employer social security under REMPE — The 4% single special tax for micro/small companies replaces employer social-security contributions % (Regime Especial das Micro e Pequenas Empresas (REMPE))