Mozambique Seeking To Expand Tax Base

by Lorys Charalambous, Tax-News.com, Cyprus

12 January 2016

The Government of Mozambique is targeting a fiscal deficit of four percent of gross domestic product this year, with support from the International Monetary Fund.

Revenues in 2016 are expected to reach 26.2 percent of GDP, up one percent on 2015 targets. This increase is expected to come from higher international trade tax receipts and indirect tax reforms.

The Government told the IMF that it will continue its efforts to improve revenue performance through reforms to the tax and customs administrations. It noted its efforts so far to make it easier to pay taxes, including implementing an electronic tax filing system, enabling tax payment through banks, and modernizing the operations of the revenue authority.

TAGS: tax | gross domestic product (GDP) | tariffs | International Monetary Fund (IMF) | Mozambique | excise duty | tax reform | trade

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