Mozambique: Businesspeople worried about excessive fees and taxes being levied in the country

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Mozambique: Businesspeople worried about excessive fees and taxes being levied in the country

4:39 CAT | 08 Dec 2022

Photo: Câmara de Comércio de Moçambique

Business operators affiliated to the Chamber of Commerce of Mozambique (CCM) demanded in Maputo this Tuesday (06-12) that the government lower the rates and taxes in force in the country, adding that it even considers some of them illegal.

During a meeting organized by the Chamber of Commerce of Mozambique to discuss the policies on the fees and taxes which the government levies on businesses, the president of the body’s Labour Division, António Sousa, considered the amounts charged unsustainable because they harm the business class.

“What is happening at the moment is that, often, these fee limit the profit margins of companies and the business sector,” he said.

In turn, the president of the CCM, Álvaro Massingue, said that some fees charged by the government are illegal, since not all of them were approved by the Ministry of Industry and Commerce.

“Some rates were not observed, and the municipalities are introducing them to meet their treasury needs. But this should not happen, because it harms the productive sector,” Massingue argued.

The President of the Chamber of Commerce of Mozambique also pointed out that informal entrepreneurs are increasingly averse to formalizing their businesses because of the high fees that the government charges small and medium-sized companies (SMEs).

Source: Diário Económico