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WT/TPR/S/322/Rev.1 â¢ Cabo Verde - 37 to an Ecological Tax (Taxa EcolÃ³gica).31 The tax is weight-based, and ranges from CVEsc 2 to 200 per kg on the weight of the product, inclusive of packaging (Table A3.3). The tax was extended to cigarettes, petroleum products, batteries, electronic goods, and tyres in 2012.32 The tax is collected by the local tax authority when a local product enters the market and on imports by the customs authority at the time of importation. Exempt from the tax are materials used in the packaging of medicines and basic foodstuffs, goods sold to the State administration, and imported packaging materials for goods to be exported or re-exported. However, exported goods as such are not exempted from the Ecological Tax. 3.37. Revenue from the Ecological Tax is earmarked; 75% may be allocated to specific projects aimed at reducing waste, the promotion of eco-efficient consumer goods, and improved waste management. The remainder is used to fund educational programmes for the population in the environmental area (15%), and to maintain an Environmental Fund (10%). The General Directorate of Environment is responsible for the administration and supervision of funded projects and programmes. The disbursement of the tax receipts has apparently been the cause of some friction between local and central government authorities.33 3.38. The State Budget law for 2013 introduced a Tourist Tax, in effect since 1 May 2013. The tax is applied to all overnight guests irrespective of their nationality at hotels or other lodging units in Cabo Verde. The tax amounts to CVEsc 220 per guest (16 years or older) per night for a maximum of ten consecutive nights. The tax is collected by the tourism establishment and remitted to the authorities once a month. The proceeds are channelled into a Tourism Development Fund. 3.39. Certain financial transactions, such as operations of credit, interest, financial services commissions, bonds and payment orders, and other transactions involving the registration or issuance of legal documents are subject to stamp duty. 34 Stamp duties do not affect licences, permits and other documentation related to import or export operations, but apply to corporate operations such as enterprise establishment, acquisition and sale of property, capital increases, equity transfers, commercial contracts, etc. 3.40. Customs duties and indirect taxes are an important source of government revenue in Cabo Verde. VAT represents nearly 40% of the revenue of all taxes collected (Table 3.5). The estimated value of exemptions from internal taxes is presented in Table 3.4. Table 3.5 Tax revenue, 2012-14 (CVEsc million) Total indirect taxes: - VAT - Special Consumption Tax - Ecological Tax - Stamp Duty - Tourist Tax 2012 13,110 10,402 1,498 543 667 - 2013 15,124 11,500 1,866 602 706 450 2014 16,854 12,893 1,872 592 695 802 31 The tax was originally applied from 1995, abolished with effect from 1 January 2004 (with the introduction of VAT in Cabo Verde), but reintroduced later the same year (Law No. 46/VI/2004 of 12 July 2004. The law was amended in 2010 (Law No. 76/VII/2010) and in 2012 (Law No. 17/VIII/2012, revoking the 2010 Law). 32 Law No. 17/VIII/2012 of 23 August 2012. The law includes a table setting out the rates for all goods subject to the tax (Articles 3 and 7). The 2004 law determined the tax at a specific rate per unit of packaging for imported beer and soft drinks, or 10% ad valorem for empty packaging materials (imported or domestically produced). In 2010, the amended law extended the scope of the Ecological Tax to all non-biodegradable packaging, whether empty or carrying imported or local goods. 33 ASemana, "ANMCV threatens garbage collection strike if government continues to retain ecological tax funds", 1 September 2014. Viewed at: http://www.asemana.publ.cv/spip.php?article102626&ak=1 Decree-Law No. 40/2013 of 25 October 2013 regulates the selection of projects financed by the Ecological Tax. Municipalities have been expecting revenue to be allocated directly to them. However, the 2012 law stipulates that disbursements can only be made to projects presented by a municipality or by a municipal association or enterprise. 34 Stamp duties are currently regulated by Law No. 33/VII/2008 of 8 December 2008. The law replaced an earlier law dating back to 1954.