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Business

Mozambique: Businesses call for wider tax breaks

27, Oct 2022 314 Views

The Confederation of Business Associations of Mozambique (CTA), the country’s largest business organisation, advocated broader tax reductions on Thursday to boost economic recovery from the Covid-19 pandemic and the war in Ukraine. CTA’s position is part of the “list of proposals” that the organisation drew up following the SAP – Package of Measures for Economic Acceleration announced in August by the president of Mozambique, Filipe Nyusi. The Mozambican business community believes that reducing VAT from 17% to 16%, included in the SAP, should also apply to special rates of this tax applied to other goods and services, including electricity and water. It also proposes the reintroduction of the VAT exemption for all products in the basic food basket to improve the purchasing power of families. “In addition, we propose the creation of mechanisms to offset tax debts and to ensure the decentralisation of analysis of refunds to the provincial tax authority offices,” the statement said. CTA also advocated that VAT exemption in agriculture should be extended to the entire agricultural sector to be more comprehensive and include the bakery industry. Urban passenger carriers should benefit from exemption from payment of the company tax to attract greater formalisation of this sector. “In the transport sector, the same [exemption] may contribute to the reduction of the number of informal urban transport operators and the facilitation of the effectiveness of government policies in this segment,” the note said. Still on the measure of the company tax reduction, the CTA proposed the inclusion of tourism, as well as technical-vocational and higher education, taking into account that these ateas are still facing the effects of the Covid-19 pandemic. On tax incentives for new investments in key sectors made in the next three years, CTA defended extending these incentives to investments already implemented and to areas affected by cyclones and armed attacks in Cabo Delgado province. To simplify procedures for the repatriation of capital, the measure should be extended to the flow of capital entering the country, CTA advocates. Source: Lusa

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01, Dec 2022 355 Views
Economy

Mozambique: EMOSE wins contract to provide disaster insurance – Carta

01, Dec 2022 439 Views
Business

CPLP: New head of business confederation calls for development bank

02, Dec 2022 277 Views
Economy

Mozambique: Government seeking reform of Tmcel and LAM – AIM

02, Dec 2022 327 Views
Economy

Mozambique: Central Bank holds monetary policy interest rate steady – AIM report

02, Dec 2022 314 Views
Economy

Mozambique: Prime rate rises from 22.5% to 22.6% in December

02, Dec 2022 399 Views
Economy

Mozambique: Sweden and ILO sign Mou on MozTrabalha, fase II

02, Dec 2022 438 Views
Economy

INAE proposes incineration of smuggled alcoholic beverages and their means of transport – O País

02, Dec 2022 353 Views
Others

Mozambique: NGO warns that oil and gas sector is vulnerable to corruption

05, Dec 2022 334 Views
Others

Mozambique: Nyusi inaugurates heavy sands project in Chibuto – Watch

05, Dec 2022 469 Views
Economy

Mozambique and SA commit to moderating dam discharges to avoid floods

05, Dec 2022 379 Views
Economy

NGO accuses Bank of Mozambique of lack of transparency in the management of Covid-19 funds

05, Dec 2022 307 Views
Economy

US Exim Bank to host presidents of Angola, Mozambique at its annual conference

08, Dec 2022 287 Views
Tourism

Mozambique: LAM ensures scheduled flights

08, Dec 2022 310 Views
Economy

Government of Maputo Province has no money to build bridge over the Umbeluzi in Boane

08, Dec 2022 361 Views
Business

Mozambique: Sale of vehicles / payment in cash increases risk of money laundering – AIM report

08, Dec 2022 456 Views
Business

Mozambique and Pakistan sign MoU on trade and investment

08, Dec 2022 366 Views
Economy

Port of Maputo increases cargo handling to more than 26 million tons this year

08, Dec 2022 505 Views
Tourism

Mozambique: President launches new eVISA system

08, Dec 2022 302 Views
Tourism

Mozambique launches eVISA platform – AIM report

08, Dec 2022 290 Views
Tourism

Mozambique: Flag-carrier in ‘alarming situation’ – CIP

08, Dec 2022 371 Views
Economy

Cooking gas reduces by about 7 meticais

19, Dec 2022 416 Views
Others

Maputo river flow is above alert level

19, Dec 2022 416 Views
Economy

Gaza awards more “Made in Mozambique” stamps

20, Dec 2022 354 Views
Economy

TO INCREASE PRODUCTIVITY: Brazil promises to transfer agricultural technology to the country

20, Dec 2022 300 Views
Others

CityLink suspended conveyor

20, Dec 2022 468 Views
Tourism

Tourism projects ambitious goals with e-Visa

21, Dec 2022 302 Views
Economy

BY THE PUBLIC PROSECUTION OFFICE, IN SOFALA: Chinese investor accused of money laundering

21, Dec 2022 297 Views
Economy

Mozambique among countries with high risk of money laundering

27, Dec 2022 373 Views
Economy

Mozambique among countries with high risk of money laundering

27, Dec 2022 340 Views
Economy

Mozambique's biggest supplier is the United Arab Emirates

27, Dec 2022 421 Views
Economy

HCB will have a loan of 100 Euros for rehabilitation

28, Dec 2022 318 Views
Others

Stewart Sukuma is an honorary citizen of Quelimane

28, Dec 2022 471 Views
Economy

Exports generate six million dollars in 2022

28, Dec 2022 339 Views
Economy

HCB will have a loan of 122 million Euros for rehabilitation

29, Dec 2022 300 Views
Economy

IMF predicts that a third of the world economy will be in recession this year

03, Jan 2023 277 Views
Economy

MOVEMENT IN THE FESTIVE QUADRA: Tourism revenues grow by 200 million meticais 2 days ago

05, Jan 2023 392 Views
Economy

Accountants say the 1% VAT reduction is insignificant

05, Jan 2023 252 Views
Economy

Mabote district will produce more than six thousand tons of cashew nuts

05, Jan 2023 424 Views
Economy

TSU: Commission proposes reduction of salaries and benefits of leaders and sovereign bodies

11, Jan 2023 437 Views
Economy

Reduces gas produced and exported by Mozambique

11, Jan 2023 409 Views
Economy

DDR creates risks in public financial management in 2023

11, Jan 2023 416 Views
Economy

AT president calls on tour operators to pay taxes

12, Jan 2023 299 Views
Economy

Internal production helped control prices at parties

12, Jan 2023 398 Views
Others

There is a risk of cholera outbreak in Maputo City

12, Jan 2023 365 Views
Economy

Nyusi invites G-20 economies to invest in industrialization

16, Jan 2023 317 Views
Economy

Mozambique gains new informal digital market

16, Jan 2023 568 Views
Economy

Electricity production expected to drop 12% this year

16, Jan 2023 320 Views
Others

There is evidence for extradition to Mozambique of kidnapping mastermind arrested in South Africa

17, Jan 2023 446 Views
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