Mozambique: Prominent businessman Hussein Ali Ahmad passes away
File photo: RFi
More than four months after the outbreak of Covid-19 in Mozambique, the necessary procedures for offsetting Value Added Tax (VAT) credits, yet another measure aimed at mitigating the economic effects of the pandemic, are finally in place.
The procedures that allow VAT taxpayers access to the fiscal facility approved on April 27 for the settlement of VAT credits right through to December 31 of this year finally came into force on the 6th of August, through Ministerial Diploma number 41/2020.
In addition to copies of the declarations that document the requested credit, the Ministry of Economy and Finance imposes, among other requirements, the supply of the “extract of suppliers, in physical and electronic formats, with identification of the names and NUIT of the suppliers, the number of each invoice issued, date, net value of the invoice, deductible VAT, description of goods and services purchased, including form of purchase and indication of the destination of the goods, in the case of international transport, in relation to the periods to which the credit corresponds”.
“A copy of the monthly analytical balance sheets for all credit periods, including the analytical balance sheet of the month for which reimbursement is requested” is another requirement in a process which, @Verdade has learned, still raises doubts and presents omissions.
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