On 30 December 2022, the Law No. 20/2022 amending the corporate income tax code was published in the official gazette. Under the law, the Corporate Income Tax (IRPC) rate for agricultural, livestock, aquaculture and transport activities has been changed to 10% (reduced from 32%) until 31 December 2025.
In addition, uniform flat rate of 20% will be applied for income of companies who have no permanent establishment, headquarters or effective management in Mozambique, with the exception of income from interest on the external financing of agricultural projects, which is exempt from taxation until 31 December 2025.
The law was approved by the National Assembly on 30 November 2022.
