The Government of Mozambique has been moving towards the implementation of the fiscal measures announced by President Filipe Nyusi last month.
The fiscal measures meant to support the country’s macroeconomic stability through a better business environment for the productive segments of the private sector focus on the expansion of Mozambique’s tax base.
Speaking this morning on a close session including the Confederation of Economic Associations (CTA), the Industrial Association (AIMO), and the Chamber of Commerce (CCM), the Minister of Economy and Finance, Max Tonela reported the developments on specific fiscal measures including the reforms of customs tariff, VAT and Corporate Income Taxes.
Mr. Tonela echoed the government’s vow to a timely and ‘inclusive’ process, inviting CTA, AIMO and CCM to actively support the development and implementation of the measures.
These developments are part of Mozambique’s Economic Stimulus Acceleration Package (PAE), a set of reforms announced by the Government aiming to place the private sector at the center of economic transformation and development in order to create better conditions to attract investments and create jobs.