World Bank advocates more reforms in Mozambican financial system
A Confederation of Economic Associations of Mozambique (CTA) document released today suggests that the Mozambican Tax Authority (AT) is preparing a pardon of fines and interest and other legal obligations arising from tax debts.
Requesting the opinion of the CTA, the AT proposes “the grant of this benefit [amnesty, under the law] regarding fines, interest and other legal increases arising from non-compliance with the obligation to pay taxes”.
The AT proposal – for an “Exceptional Regime for Tax Debts Regularisation”‘ – also provides for “partial pardon of fines related to non-fulfilment of obligations accessory to payment”.
In justification, the AT says that: “The current draft law is aimed, among other objectives, at reducing the high number of cases accumulated in tax execution and to maximise the collection of the revenues due.”
Any amnesty must be approved by the Assembly of the Republic, the AT proposal acknowledges.
Increasing tax revenue is one of the government’s objectives. At the end of last year, the AT set increasing tax revenue by 9.7% as its target for 2019.Source: Lusa