Mozambique's May inflation eases to 20.45 percent y/y
File photo / Amélia Nakhare
The Mozambican Tax Authority (Autoridade Tributária de Moçambique) has collected 173 billion meticais in taxes this year, above the planned 165 billion, despite te fact that many individuals and companies that were supposed to pay taxes still fail to fulfil their duty.
Nonetheless, the tax Authority exceeded the goal set for in a year marked by the closure of companies and a deep economic and financial crisis, all factors that seem to have been unable to disturb the collection of taxes.
The institution has raised eight billion meticals above the tax collection goal set for this year. The information was released today, by President of A .
According to Nakhare, AT currently employs over 300 ‘idle workers’, that is to say, little productive workers, a fact that did not prevent it from exceeding the fiscal target. Nakhare recognises that the institution has weaknesses and, therefore, only a minority pays taxes, a circumstance that negatively affects the setting of tax collection targets every year.
AT has set as challenges for 2017 to reduce the slowness of customs clearance in Maputo Port and reduce the smuggling of alcoholic beverages.
Currently, 60 percent of all alcoholic beverages entering the country are smuggled.Source: O País
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