Mozambican government collected more taxes than expected in 2009

11 January 2010

Maputo, Mozambique, 11 Jan – The Mozambican government collected in 2009 taxes on the order of 47 billion meticais (US$1.525 billion), an amount slightly above the target, the Mozambican Tax Authority has announced in Maputo.

The revenues correspond to 17.7 percent of gross domestic product (GDP), 1.4 percentage points more than the previous year, though still below the Southern African Development Community (SADC) average, which is 22 percent.

Tax revenues’ contribution to the Mozambican GDP is nevertheless more than the 15 percent minimum set by the World Bank (WB) and International Monetary Fund (IMF).

Most revenue was collected in the southern part of the country, especially in Maputo, where much of Mozambique’s industry is located.

In the revenue covered last year, internal taxes contributed 30.5 billion meticais, while revenues from external trade collected in customs, including tax offices, accounted for 16.8 billion meticais.

“In the overall collection structure, internal taxes account for 65 percent versus 35 percent from customs levies,” said the head of the Tax Authority, Rosario Fernandes.

Mozambican authorities last year envisaged collecting 46.2 billion meticais of state revenue, with a view to helping meet budget spending set at 98 billion meticais.

(macauhub)

MACAUHUB FRENCH