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Mechanism for setting reference prices in the export of mineral resources comes into force – Mozambique
1:28 CAT | 19 Jun 2023
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The Mozambican government has decided to establish a mechanism setting reference prices for the export of mineral resources.
The decision is part of joint actions by the Ministries of Economy and Finance and of Mining Resources and Energy aiming to combat under-invoicing, reduce tax evasion and increase the benefits of the exploitation of mineral products for the country.
A communiqué from the Ministry of Economy and Finance indicates that the diploma comes into effect this Monday and uses the price of goods on international markets as a reference.
In the same context, the government will soon announce the winner of an international public tender to hire an independent entity that will supervise the quantities and specifications of ores exported by the companies that exploit resources in national territory.
READ: Mozambique supercharges control of its natural resource exports
The measure is part of the fiscal consolidation actions that the government, through the Ministry of Economy and Finance, is implementing in line with the Economic Acceleration Measures Package launched in August last year by the President of the Republic, Filipe Nyusi.
Source: Rádio Moçambique
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