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Mozambique loses more than US$300 million in revenues to informal commerce.. File photo: MMO
Mozambique is among the highest-taxed countries in sub-Saharan Africa.
According to a study presented at a seminar on the reform of the Tax Policies in Mozambique in Maputo on Monday, the country’s high tax and duty rates lead to tax evasion, mainly in the import of alcoholic beverages sector.
In this area, the country loses more than US$300 million in revenues to informal commerce.
Executive Director of the Confederation of Economic Associations of Mozambique Eduardo Sengo said that, instead of hiking tax rates to grow state revenues, the government should increase the number of taxpayers.
Speaking at the seminar, Carla Camaio, a consultant for Euromonitor International, said that reforming national tax policies was urgently needed to relieve the private business sector of the burden of high tax rates.
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