> Revenue target for 2012 exceeded
Welcome Visitor 14314336. Today is Wednesday, July 30th 2014· SEARCH · SITEMAP · PORTUGUESE VERSION

Produced by Adrian Frey   |   Developed by Claudio Fauvrelle

 
KPMG Mozambique
 
Advertisement
Advertise with Us

Motorcare Moçambique
What's New
Latest Classifieds

Toyota Rav For Sale (88)
Kayak, Essence 17.0 (128)
Exciting Career Opportunity (231)
Pajero Mitsubishi For Sale (173)
Full Camper Renault Messenger 110.2.8 Diesel (380)
Households Items For Sale (391)


Latest Tenders

There Are No English Tenders At The Moment
 

Mozambique Exchange Rate

CurrBuySell
EUR40,8741,14
USD30,4230,62
ZAR2,882,90

Date: 29/07/2014
Source: Banco Moçambique
News for Business and Economy

Revenue target for 2012 exceeded




Listen with webReader
Send To a Friend


Advertisement
Hotel Cardoso




clubofmozambique (2012-12-31) The Mozambican Tax Authority (AT) has exceeded the revenue collection target for 2012.

AT Chairperson Rosario Fernandes, drawing up the balance of his institution’s performance over the year, declared on Friday that, by late Thursday afternoon, total revenue collection for the year was 95.8 billion meticais (3.24 billion US dollars).

The target for the entire year, fixed in the state budget, was 95.5 billion meticais, and the AT had surpassed the target by about 350 million meticais.

Total revenue collection in 2011 was 79.2 billion meticais: thus this year’s figure is an increase of 21 per cent.

Fiscal revenue accounts for 84.2 per cent of the total - including corporation tax, personal income tax and value added tax (VAT). Capital revenue, notably the dividends from state holdings in businesses run by IGEPE (Institute for the Management of state Holdings) came to 6.6 per cent of the total.

Fernandes attributed the AT’s success to an expansion of the tax base, bringing an ever large number of individuals and enterprises into the tax net. The AT has been waging publicity campaigns urging citizens to pay their taxes, and has made it easier for them to do so by opening new fixed and mobile tax collection posts, while improving the existing ones.

Since the establishment of the AT in 2006, Mozambique has continually exceeded the budgetary targets for revenue collection.

The improvements in revenue collection have made the Mozambican budget less dependent on foreign aid. A few years ago, foreign aid covered more than half of Mozambican public expenditure. Thus in the 2010 budget, foreign grants and loans covered 51.4 per cent of expenditure.

But the figure fell to 44.6 per cent in the 2011 budget, and to 39.5 per cent in 2012. For 2013, the projection is that foreign aid will meet only 32.8 per cent of expenditure.

Source: (AIM)







Pin It




Comment Print this article | 310 Views.

Advertisement
Advertise with Us

BeForward Japanese Used Cars
Partners


Vodacom Moçambique


Cardoso Hotel


Internet Solutions


Frexpo


Pam Golding Mozambique


LM Radio


Fuel Prices
Petrol Diesel
MT47.52 per litre* MT36.81 per litre*

* price valid for Maputo, Beira and Nacala

The Government made the last increase on 06/07/2011
This site is best viewed with a resolution of 1024x768 px. Please read our Terms & Conditions for the proper usage of this Website.
   WAP Enabled