Mozambique: United Bank for Africa profits grow 37.9% to €13.7 million in 2024
FILE - Illustrative photo. [File photo: Noticias]
The Mozambican Tax Authority (AT) has just announced the postponement of the start of the ban on unsealed ready-to-drink beers and beverages in the Mozambican market to November 1st.
‘Notícias’ learned yesterday from the AT that the postponement results from the absence of any pronouncement by the Administrative Tribunal on an appeal filed by companies producing and importing beer in Mozambique, contesting the sealing.
The use of digital seals on beer marks the third phase of the process of sealing tobacco and alcoholic beverages that the entity responsible for the tax in the country is introducing to curb tax evasion and the smuggling of these products.
However, the implementation of the measure has failed to gather consensus, especially on the part of the business sector. For instance, the Confederation of Economic Associations of Mozambique (CTA) has reaffirmed its intention to continue talking with the government on the sealing of beer and ready-to-drink beverages, because it sees the process as out of step with market realities.
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