IMF Issues Report under Extended Credit Facility Arrangement for Mozambique

21 January, 2024

On 8 January 2024 the IMF issued a report after completing the Third Review under the Extended Credit Facility (ECF) Arrangement with Mozambique. The ECF arrangement aims to support structural reforms to promote Mozambique’s economic recovery and

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Mozambique removes VAT exemption on sugar, soaps, and cooking oils

19 January, 2024

On 17 January 2024, the Mozambique Tax Authority released a public notice affirming the discontinuation of the VAT exemption previously applied to sugar, soaps, and cooking oils. The VAT exemption applies to their raw materials, intermediary

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IMF Comments on the Economy of Mozambique

06 May, 2023

On 6 May 2023 the IMF issued a press release following discussions with Mozambique in relation to the second review of the program under the extended credit facility (ECF) arrangement. The report notes that Mozambique’s economic recovery has

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Mozambique: Government approves proposal for corporate income tax cut

05 February, 2023

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

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IMF: Report Examines the Economy of Mozambique

09 January, 2022

On 21 December 2021 the IMF issued a report following discussions with Mozambique under Article IV of the IMF’s articles of agreement. The report notes that Mozambique needs to take decisive policy action to ensure that its debts are

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COVID-19: Mozambique announces tax relief measures due to coronavirus

06 May, 2020

The Council of Ministers Mozambique approved the Decree No. 23/2020, of 27 April which includes a number of fiscal and customs measures in response to coronavirus pandemic. The Decree contains the following measures that are valid until 31

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Mozambique: Parliament approves law on tax debt relief

08 June, 2019

On 30 May 2019, the Parliament of Mozambique (Assembleia da República de Moçambique) approved Law no. 1/2019 establishing an incentive for taxpayers to accomplish any unsettled tax liabilities. The purpose of this law is to create a special

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IMF Statement Comments on Economic Developments in Mozambique

24 August, 2018

On 3 August 2018 the IMF released a statement following a visit to Mozambique to look at recent macroeconomic developments; update the macroeconomic framework for 2018-19; and provide input to the preparation of the 2019 draft budget. The economy

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Mozambique: Council of Ministers approves first transfer pricing regulations

31 January, 2018

On December 6, 2017, the Council of Ministers has approved the first Transfer Pricing (TP) Regulations by Decree 70/2017. The Decree became in force on or after the January 1, 2018. According to Decree, one company is considered to be related to

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IMF: Report comments on economic and fiscal situation in Mozambique

16 December, 2017

On 14 December 2017 the International Monetary Fund (IMF) published a report following consultations with Mozambique under Article IV of the IMF’s articles of agreement. The report notes that fiscal consolidation is essential for the recovery of

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Mozambique: Transfer pricing regulations approved

26 September, 2017

The Council of Ministers approved transfer pricing regulations on September 12, 2017 that present the methods for the assessment of the transfer pricing transactions between related entities. It allows amendments to the taxable profit by the tax

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Mozambique provides a draft law that revises the tax rules for oil and mining operations

07 June, 2017

The Council of Ministers in Mozambique, on 30th of May 2017, approved the proposed changes to the special tax regimes applicable to Petroleum and Mining Operations. The following step is for the draft bill to be sent to Parliament for approval and

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Mozambique: Parliament approves new VAT Code

06 February, 2017

Some modifications have been occurred to the Value Added Tax (VAT) Code by using Law No. 13/2016 and those changes are approved by the Parliament of Mozambique. These changes are applied to facilitate implementation of net VAT system. The new system

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Mozambique: Budget 2017 has been presented to parliament

14 December, 2016

The Economic and Social Plan and the 2017 Budget has been submitted to the parliament on 6th December 2016 for discussion. It is expected that an annual economic growth rate will be 5.5% in

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