Mozambique: AT reaches over 300 billion meticais in tax revenue

Login

Register

http://www.clubofmozambique.com/

Mozambique: AT reaches over 300 billion meticais in tax revenue

2:12 CAT | 10 Jan 2023

Photo: Notícias

The president of the Tax Authority (AT), Amélia Muendane, announced this Monday, January 9, that provisional gross revenue collection by the end of 2022 was 301.84 billion meticais, well above the established target.

Last year, the Budget Law set the annual target for tax and customs revenues at 293.92 billion meticais, representing a nominal growth of 10.7% compared to 2021.

Speaking in Ponta do Ouro, Matutuine district, Maputo province, during the launch of the ‘Contributor’s Caravan’, an initiative that aims to raise awareness among potential taxpayers of the need to pay taxes, AT president Amélia Muendane recalled that the net target for the present year was set at 357 billion meticais, dictating effective collection of 415.91 billion meticais, an increase in gross terms of 73.49 billion meticais in relation to the target for 2022.

According to the president of the AT, this nominal variation makes direct contact with the taxpayer urgent and relevant, so that the challenges of transforming the economy are undertaken together, through mutual approximation and a more conscious contribution.

“We hope that this campaign will result in greater awareness of the importance of taxes and a growing adherence of new taxpayers to the system, facilitating tax registration and supporting the legal framework,” Muendane said. “It will also encourage voluntary contributions, bearing in mind the list of lectures on taxation.”

It was by taking into account these vectors of action, she explained, that the Tax Authority in 2020 introduced the National Vision of the Taxpayer of the Future 2020-2040, an integrated plan of tax education and citizenship for taxpayers and potential contributors on their participation in the active construction of a fair, efficient and transparent tax system.

For the Tax Authority, 2022 was a year of challenges consequent upon the ongoing macroeconomic hangover from the impact of successive economic and health shocks resulting from the Covid-19 pandemic.

This scenario required a better organization of the system for full compliance with the established tax targets.

Source: Diario Economico