Mozambique’s tax authority collects US$4.16 billion in 2013

26 December 2013

Mozambique’s Tax Authority (AT) has collected US$4.16 billion in taxes up to the end of 2013, more than the US$3.7 billion initially forecast by the government, the head of that agency stated recently.

Rosário Fernandes said that execution of the Mozambican government’s amended budget, which in August upped the state’s forecast tax and customs revenues from US$3.7 billion to US$4 billion, was “fulfilled in excess”.

“Execution of tax and customs collection up to this past 20 December (or 11 days before the end of 2013), rose to 124.4 billion meticais (nearly US$4.16 billion)”, Fernandes specified.

Budget execution of tax and customs revenue in 2013 was 26 percent more than in 2012 and accounted for 26.51 percent of the country’s gross domestic product, he said.

Fernandes added that the AT has this year assigned more than 562,000 new tax identification numbers to Mozambican taxpayers, currently estimated to number about 2.7 million. (macauhub)