Mozambique: World Bank approves $131 million for electricity projects
Tax Authority of Mozambique monitors extractive industry for capital gains revenue – Nakhare
5:42 CAT | 28 Nov 2016
e-Tributação (File photo) / Amelia Nakhare
The Tax Authority is keeping a close eye on capital gains made by companies Vale Moçambique, Mitsui, Eni and Exxon.
Vale intends to sell part of the Moatize coal mine and the logistics corridor to Mitsui, while Italy’s Eni is in negotiations with oil company Exxon Mobil for the sale of a stake in the natural gas block in the Rovuma basin in Cabo Delgado.
The Tax Authority expects to obtain capital gains tax income from these deals, with Amelia Nakhare, president of the Tax Authority, saying a team had been assigned to identify gains in several other negotiations.
Nakhare was speaking on Friday at a patenting ceremony for institution officials in Boane, Maputo province.
Source: O País
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