Electronic fiscal device: Pilot phase to end in first quarter – Noticias

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Electronic fiscal device: Pilot phase to end in first quarter – Noticias

3:22 CAT | 11 Jan 2021

File photo: Noticias

The experimental roll-out of electronic fiscal devices, designed to consolidate revenue collection in the country, will end in the first quarter of the current year.

Speaking a few days ago in Maputo, project coordinator Justino Muzima said that the procedure would improve the management of Value Added Tax (VAT) and Simplified Small Contributors Tax (ISPC) payers.

Speaking to the press on the sidelines of the visit of Mozambican Tax Authority (AT) president Amélia Muendane to Maputo, Justino Muzima explained that, following the trial roll-out, his institution would extend the use of these devices to other provinces for full implementation.

The AT proposes to collect about 265.6 billion meticais this year, and the fiscal machinery project is seen as a considerable contribution to improving revenue collection by combating tax evasion.

Currently, the pilot phase focuses on the province of Maputo, with the next step being the expansion of the electronic invoicing system [e-invoicing], according to telecommunications capacity in the country.

The AT considers one of the advantages of fiscal machines to be reliable information about sales, reducing the costs of collecting the tax, especially in terms of personnel required for time-consuming audits.

In recent years, AT has been carrying out reforms to simplify and facilitate the process of complying with tax obligations and, consequently, improve the business environment and broaden the tax base, resulting in the optimization of revenue collection for the realization of public expenditure.

The AT sees the use of information and communication technologies in taxpayer and tax management as the only way to create an internationally competitive business environment in Mozambique.

Aware of its responsibilities, the AT has invested in the development of information and communication systems which respond to the challenges the current situation imposes on it.

In addition to fiscal machines, technological projects such as e-Taxation (for the management of taxpayers and internal taxes) are underway, in partnership with the Centre for the Development of Financial Systems of the State (CEDSIF), among others.

Source: Noticias