Mozambique’s Tax Authority has collected 127 billion meticais (US$ 2 billion) in the first half of this year, fulfilling 48% of the projected tax revenue target for 2021, the governmental body announced.
The director of AT’s Office of Planning, Studies and International Cooperation, Augusto Tacaríndua, quoted today by the daily Notícias, said that the performance of the tax authorities registered from January to June was determined by the large taxpayers, who were responsible for 70% of the revenue.
“Surprisingly, the large taxpayers presented positive results that, in fact, justified this performance, as they are responsible for 70% in the category of income taxes and VAT”, said Tacaríndua.
The Personal Income Tax (IRPS), namely the remuneration of workers, the Property Income Tax and the income of individuals who carry out business activities also had an influence on the provision that the tax authorities recorded in the first half of this year, he added.
The director of the AT’s Office of Planning, Studies and International Cooperation said that the tax authorities had projected a target of 265 billion meticais (US$ 4.1 billion) in revenue for the entire year, but warned of the difficulties in reaching that goal, due to the impact of the covid-19 pandemic on the economy.
“Our fear has always been and will continue to be the impact of the covid-19 pandemic” he said.