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Mozambique: AT set to find out what happened to Jindal tax withholdings – Lusa
2:43 CAT | 02 Dec 2020
Photo: O País
The Mozambican Tax Authority (AT) is trying to discover the fate of 33.7 million meticais (€381,000) of personal income tax withheld by mining company Jindal in 2019, the agency has announced. [A withholding tax is an amount that an employer withholds from employees’ wages and pays directly to the government.]
“It was found that Jindal” a coal mining company in Tete province, central Mozambique, “had low amounts” of withholding tax, “taking into account the size of the company”, AT Director Aníbal Mbalango told a press conference on Monday.
According to Mbalango, it was found that, in 2019, instead of 40 million meticais (€452,000), only about six million meticais (€68,000) of Personal Income Tax (IRPS) retained by the company was paid over to the state.
Mbalango said that the company showed receipts demonstrating that it had paid the tax withholdings over, but declined to comment on this evidence. “We cannot comment on the origin of the receipts [of the delivered tax withholdings] that the company has,” he said.
Mbalango also said that the AT was conducting an expert audit of the company’s 2015 to 2018 accounts.
Lusa yesterday sought clarification from the mining company, but without results.
Coal mining dominates Mozambican exports, mainly targeting the Asian metallurgical and energy markets.
Source: Lusa
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