Figures released this week shows that since the creation of Mozambique’s Tributary Authority (AT), responsible for collection of taxes, tax revenues have increased markedly, exceeding the 2008 target by some MZM200m at MZM39bn (USD1.56bn).
Figures published by the AT showed marked improvement in the area of internal tax collection, which accounted for 65.5% of Mozambique’s tax revenues in 2008. The AT attributed the increased revenues to higher rates of taxpayer compliance, and greater efficiency in the field of tax collection. An intensified crackdown on tax evasion also paid dividends with the AT boasting reduced tax discrepancies in 2008.
Since the AT's creation in 2006, the number of individuals declaring their taxes doubled from 390,000 to 770,000 by December 31, 2008.
2009 brings several challenges for the AT; President of the AT Rosario Fernandes said the department would endeavour to increase tax revenues in line with Mozambique’s annual growth of 17.9%. Ultimately the AT aims to collect 22% of the country’s GDP in taxes every year; a figure which is in line with the average tax-take of the Southern African Development Community (SADC) region. Currently tax revenues account for 16.3% of GDP.
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