Employers protest at high interest rates - AIM report
File photo / Anibal Mbalango
The recently introduced new customs tariff does not include any reduction or exemption of taxes on imported motor vehicles.
The fees collected prior to the publication of the preliminary instructions and agenda approved by law 11/2016 of December 30 remain the same, with imported vehicles still liable for duty fees, the specific consumption tax and VAT, the Tax Authority of Mozambique (TA) says in the latest edition of mediaFax.
The new customs tariff – now in its 5th edition – does however confer exemptions and reductions in some sectors.
According to the Tax Authority, the new customs tariff was drawn up because the fourth edition was felt to be out of touch with current realities in international trade, and addresses concerns in agriculture and health in particular.
The general coordinator of the taxation unit of the extractive industry, Anibal Mbalango, said last week that the new tariff would reduce the costs of acquiring agricultural equipment and so promote agricultural. Zero or reduced rate on the import of seeds and fertilisers and certain equipment was envisaged.
As far as health is concerned, the new customs tariff removes duty on the import of wheelchairs, whether self-propelled or manual, orthopedic articles and appliances, joint prostheses, hearing aids for the deaf, cardiac stimulators, dentures, reading material for the visually impaired, and spectacles lens and frames.
The new tariff also exempts cabotage and passenger ships, fishing vessels, shipbuilding and ship repair equipment, as well as the importation of engines for the development of small-scale fisheries and equipment for the development of aquaculture.
“In this regard, we can say that the fifth edition of the Customs Tariff is the result of the introduction of the 2017 version of the harmonised system on the one hand and the harmonisation with various sectors, in particular the Ministry of Health; the Ministry of Agriculture and Food Security; Ministry of Land, Environment and Rural Development; Ministry of Industry and Commerce, CTA and the Association of Micro-importers,” Mbalango said.Source: AIM Moçambique