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File photo: Lusa
Mozambique’s parliament on Thursday approved to write off about 26 billion meticais (€359 million) of debts relating to tax interest and penalty charges over the last four years.
The minister for economy and finance, Adriano Maleiane, said the measure would enable the state and municipalities to receive a little over 22 billion meticais (€304 million) out of a total of 46 billion meticais (€636 million).
The tax amnesty adopted by consensus at parliament was requested by the government through a draft law on the Exceptional Regime of Regularisation of Tax Debts.
Maleiane added that many companies and individuals went into debt in relation to their tax obligations due to the economic and financial crisis that shook the country in 2015 and natural disasters.
“The amnesty will be a stimulus for taxpayers to fulfil their obligations with the state,” the minister said.Source: Lusa
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