SAP Enable Now & WalkMe | Digital Adoption in Cape Verde

The 2025 State Budget and the DNRE determine the framework for both the regulation of Financial and Operational Governance for companies, both based in Praia and throughout the Cape Verde archipelago. The current VAT rate is 15% and the Corporate Income Tax or IRPC rate has been lowered to 20%. The total contribution to the INPS or Social Security system is mandatory and equals 24%. These three major components of financial governance create an environment where it is not possible for companies to be unaware of their compliance procedures.

- Failure to follow the statutory requirements can expose a tourism-oriented economy in Cape Verde to potential loss of its Tourism Utility Status and can create significant deterioration due to penalties levied against the company for being in non-compliance.

- With localized capabilities of SAP FICO, SuccessFactors, and IS-Tourism, we can ensure all aspects of your Atlantic operations are compliant, transparent, and easy to audit.

- The laws governing the Financial and Operational Governance of all companies residing in Praia and throughout Cape Verde will be determined by the DNRE (Direcção Nacional de Registo de Empresas) and the State Budget for Cape Verde for 2025. As of November 2020, the VAT rate is 15%, as well as a 20% Corporate Tax (IRPC). It is mandatory to contribute 24% to the INPS (Social Security) system.

These three areas of Financial Governance give companies clear directions when it comes to compliance. Failure to comply with the statutory requirements could result in the loss of Cape Verde's Tourism Utility Status and impose penalties on the company, significantly impacting the tourism economy in Cape Verde.With the SAP FICO module, SuccessFactors, and IS (Information System) Tourism, we can help ensure full compliance, transparency, and audit thoroughness throughout your operations across the Atlantic.

‍Adapt the Cape Verdean Hospitality Sector to SAP and Improve Governance of the Hospitality Sector with Information Technology (IT) Tourism: Ensure that your SAP configuration is specifically for the Cape Verdean Hospitality Sector and integrates the management of guests with the tracking of the Local Tax Incentives. Ensure the correct process for processing the Tourism Tax collection and exemptions for Integrated Tourism Development Zones (ZDTIs).

‍Eliminate "process drift" and Complete Transactions without Error: WalkMe provides real-time guidance, allowing users to perform complex Month-End closings and statutory filings accurately the first time. Use SAP Enable Now to maintain an audited and ready-to-use Record Repository, with the process documentation standardized and Portuguese-localized. When government auditors visit, you will be prepared with instant, factual evidence of your compliance with regulations.