> Tax authority beats collection target
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Date: 30/03/2015
Source: Banco Moçambique
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Tax authority beats collection target




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clubofmozambique (2013-08-05) The Mozambican Tax Authority (AT) announced on Friday that in the first six months of this year it collected more than 55.5 billion meticais (about 1.9 billion US dollars) in tax revenue.

Speaking in Maputo at a meeting of the Managing Council of the Tax Authority, AT Chairperson Rosario Fernandes said this sum was 27.5 per cent larger than the amount of tax collected in the first half of 2012.

It was two per cent higher than the target for tax collection in the January-June period, and is 48.7 per cent of the target for the entire year (tax collection is seasonal, and more taxes are always collected in the second half of the year than in the first six months).

“For the last seven years (2006-2012), we have collected more than the targets in the budget law”, said Fernandes. “But the last two quarters of the year are the backbone for fiscal consolidation, given the seasonality of tax cycles”.

The 2013 budget law sets a revenue target of 113.9 billion meticais.

Fernandes also announced that the number of individuals, companies and institutions that now have tax identification numbers (NUITs) has risen to almost 2.5 million. This is more than six times the figure of 391,000 recorded at the end of 2006.

He claimed that this expansion of the tax base was largely due to the AT’s programme “Together Let’s All Build Mozambique”, which involves “a strategy of tax education and popularization of taxes for all”.

Source: (AIM)



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