World Bank can finance private investment in Mozambique
The projects included in the Government’s Five-Year Programme (PQG) will from now on not pay value-added tax (VAT) on the purchase of goods and services.
These are strategic projects for the development of the country, with emphasis on the construction of public infrastructure and socio-economic initiatives.
The government will implement this measure through the Tax Authority of Mozambique (TA), which will issue a certificate that will allow the projects in question to not discount VAT.
As part of the initiative, the Tax Authority in Maputo on Thursday began publicising the mechanism that will regulate VAT in public projects financed by development partners.
Senior TA officials met representatives of the Japanese Agency for International Cooperation in Maputo this Thursday, where Director of Taxation Marcelo Mazivila explained the essence of the new fiscal mechanism.Source: Rádio Moçambique