Taxpayers registered with the compulsory social security system in Nampula province have accumulated a debt of around 662 million meticais in contributions, fines and interest on arrears, since the creation of the Provincial Delegation of the National Social Security Institute (INSS) in 1994, until June 2025. The information was made public this...
Around 60%, a total of 153,000, companies registered in the system do not pay social security contributions in Mozambique, the National Social Security Institute (INSS) said a few days ago. "We have an unfortunate situation of companies evading their responsibility. We have around 153,000 taxpayers" and only "40% are active and pay regularly",...
The tourist region of Ponta do Ouro, in the Matutuine district of Maputo province, has been chosen as the venue for the launch of the Taxpayer's Caravan, an initiative by the Tax Authority (AT) to make potential taxpayers aware of the need to pay taxes. In fact, a seminar was held this week in the country's capital to...
The British government has abandoned plans to cut income tax for top earners, part of a package of tax cuts that caused turbulence in financial markets last week. Finance Minister Kwasi Kwarteng announced this morning that he will not scrap the top 45% tax bracket...
The 2020 Statistical Yearbook of the National Institute of Statistics (INE) reveal that the National Institute of Social Security (INSS) has lost a considerable portion of its assets due to the Covid-19 pandemic. The INE report indicates that the INSS lost about 193 contributors out of a total of 13,236 and 29,532 beneficiaries out of a...