Number of taxpayers in Mozambique expected to total 2 million this year

2 July 2012

The number of taxpayers in Mozambique is this year expected to reach 2 million people, or 17 percent of the active population, which is an increase of 11.8 percent against the number registered at the end of 2011, the president of Mozambique’s Tax Authority said.

Rosário Fernandes also said that, “we plan, as agreed with the Republican Assembly (parliament) to collect 95.5 billion meticals (US$3.4 billion), which represents a rise of 18 percent compared to tax revenues for 2011.”

Fernandes said that in 2011 that tax revenues accounted for 21.8 percent of gross domestic product GDP) adding that this was still below the average of 25 percent for member countries of the Southern African Development Community (SADC).

According to the State Budget for 2012, domestic resources will cover 60.4 percent of expenses and 39.6 percent will be covered by loans and foreign aid, as compared to 51.4 percent and 44.6 percent, respectively in 2011. (macauhub)