Mozambique: Revenue target exceeded by 44 billion meticais

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Mozambique: Revenue target exceeded by 44 billion meticais

1:48 CAT | 28 Jan 2020

In 2019, the Tax Authority of Mozambique managed to collect 288 billion meticais in revenue, against 244 billion meticais initially forecast. [File photo: Notícias]

The Mozambican Tax Authority (AT) says that it has exceeded its 2019 economic year revenue target by 44 billion meticais.

According to the Director-General of Customs, revenue collection last year reached 288 billion meticais, against the 244 billion that had been defined as a ceiling by the Budget Law.

Of the amount collected, 70.3 billion corresponds to contributions in the customs area and the remainder to internal taxes.

The figures were released by Aly Mallá yesterday in Matutuíne district, Maputo province, during International Customs Day celebrations, which this year took place under the motto “Customs: Fostering Sustainability for People, Prosperity and the Planet”.

According to Mallá, the challenge for Customs in Mozambique is modernisation to better control customs risk and tax infractions, following the recommendations of the World Customs Organisation (WCO).

In this context, he said, the country is already implementing some of the WCO recommendations, highlighting the implementation of the Single Electronic Window, the sealing of alcoholic beverages and tobacco, and the marking of fuels.

“Customs will seek to develop a strategy to improve revenue collection this year, as well as the quality of services provided to users in general, and taxpayers in particular,” he promised.

The Director-General of Customs of Mozambique also explained that, in order to ease international trade, the WCO has recommended member states to reduce customs operations and the time and cost of moving goods, so as to stimulate commercial activity and consequently increase employment and national and foreign investments.

“These measures are aimed at securing the competitiveness of trade operators, strengthening governance and stability, and preventing commercial fraud and tax evasion. Ultimately, we must ensure that national governments are not deprived of the crucial and necessary revenues to finance their projects” Mallá stressed.

He was speaking at the Ponta do Ouro border post in Maputo province, which has leapt to prominence in the last few days as the scene International Customs Day celebrations, and where sector officials and members of the public witnessed the celebrations.

The date that was not only an occasion for celebration, but also an opportunity to challenge the employees of the Tax and Customs Authority to engage in their work with rigor and professionalism.

Source: Notícias / O País