The Mozambican Tax Authority plans to make the use of electronic tax machines obligatory starting in 2013, allowing for tighter control of sales and resulting payment of value added tax (VAT), the chairman of the institution said Wednesday in Maputo.
According to the Mozambican press the pilot phase of obligatory use of electronic tax machines will be implemented in the country’s main urban areas and the government is expected to provide 50 percent of the cost to taxpayers of acquiring the first lot of tax equipment.
During a seminar to consult economic agents organised by the Mozambican Tributary Authority in partnership with the Confederation of Economic Associations of Mozambique (CTA), Rosário Fernandes said that the cash registers currently in use did not allow for reliable and auditable registration of sales, or correct inspection of value added tax (IVA) payable.”
He also said that sales tickets that are issued by the current cash registers were not sufficient as proof of transactions carried out and the real amount of tax payable. (macauhub)