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File photo: Presidencia da Republica de Moçambique
President Filipe Nyusi has promulgated and sent for publication in the official government gazette (Boletim da Repubica) a law regulating the forgiveness of fines, interest and other legal obligations arising from tax debts, according to an official statement.
“The aforementioned law was approved by the Assembly of the Republic and submitted to the President of the Republic for promulgation, and the head of state verified that it does not contradict the Basic Law [Constitution of the Republic],” the statement from the presidency reads.
The law, called the Law Concerning the Exceptional Regime of Tax Debts Regularisation, provides for the annulment of fines and interest resulting from tax debts from 2011 to 2018 owed to the state and local authorities.
The law was approved by parliament in April this year, in line with the Mozambican government’s priority of increasing tax revenue.
At the end of the last year, the Tax Authority declared its aim of increasing tax revenues in 2019 by 9.7%.Source: Lusa