Ceasing your tax residency in Cape Verde is a process that requires careful attention to detail and adherence to legal protocols. This guide will walk you through each step to ensure you can successfully terminate your tax residency status in Cape Verde.
Step 1: Confirm Your New Tax Residency Status
Before initiating the process to cease your tax residency in Cape Verde, ensure that you have established tax residency in another jurisdiction. This typically involves meeting the residence criteria in the new country and obtaining documentation to prove your status.
Step 2: Notify the Cape Verde Tax Authorities
Submit a formal notification to the Cape Verdean tax authorities, stating your intention to cease your tax residency. This notification should include your personal details, tax identification number, and the date from which you intend to cease being a tax resident.
Step 3: Settle Outstanding Tax Liabilities
Ensure that all your tax obligations in Cape Verde are settled. This includes filing any outstanding tax returns and paying any due taxes up to the date of cessation of residency. Obtain a tax clearance certificate from the Directorate of National Taxes to confirm that you have no pending tax liabilities.
Step 4: Provide Proof of New Residency
Submit proof of your new tax residency status to the Cape Verdean tax authorities. This can include a residency certificate or other official documentation from the tax authorities in your new country of residence.
Step 5: De-register from Social Security and Other Authorities
Inform the Cape Verdean social security and other relevant authorities of your change in residency status. Ensure that you are de-registered from social security contributions and any other mandatory systems.
Step 6: Obtain Confirmation of Cessation of Residency
Request official confirmation from the Cape Verdean tax authorities that your tax residency status has been terminated. Keep this documentation for your records and for any future reference.
Legal References
- Cape Verde General Tax Code
- Cape Verde Income Tax Code
- Social Security Regulations
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