Mozambique: Tax revenues exceed projections in 2008

8 January 2009

Maputo, Mozambique, 8 Jan – Mozambique’s tax revenues in 2008 totalled 39 billion meticais (US$1.56 billion), exceeding their target by 200 million meticais, Mozambique’s Tributary Authority (AT) said in Maputo.

Figures published in Maputo by the AT showed significant improvement in internal tax collection, which accounted for 65.5 percent of total tax revenues.

Growth of internal revenues reflected an increase in the number of taxpayers and greater efficiency in tax collection, including the fight against tax evasion, as well as the impact of reduced customs charges, as part of the implementation of the Free Trade Area of the Southern African Development Community (SADC).

According to the president of the AT, Rosário Fernandes, the number of taxpayers has increased from 391498, in 2006, to 772359 by 31 December, 2008, in effect, doubling the number of taxpayers since the AT was created.

Fernandes, who was speaking at the opening of the institutions Directive Council, said that for 2009 the challenge for the AT was to ensure annual growth of 17.9 percent in tax revenues, which is similar to the growth seen over recent years.

In other words, the Mozambican state expects to collect taxes in 2009 totalling 46 billion meticais, which would account for 44.23 percent of expected state expenditure for that year, as outlined in the state budget. (macauhub)