This year, the government has already refunded more than 7.3 billion meticais in Value Added Tax (VAT) to companies in the first half of the year. The reimbursement takes place within the scope of the State's commitment time exercise with the private sector. The figure represents an improvement on the same period in 2023, when...
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Hidden debts: London court sets Privinvest's repayment amount to the Mozambican state
The Privinvest Group must reimburse the Mozambican state a certain amount on account of the damage caused by the hidden debts. In fact, the London Magistrates' Court in England has scheduled a hearing for September 18 and 19 to discuss and determine the amount to be paid to Mozambique. Among other issues,...
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Chamber of Commerce Demands Efficiency in VAT Refunds
The government must adopt effective mechanisms for the reimbursement of Value Added Tax (VAT) to entrepreneurs, according to the president of the Mozambique Chamber of Commerce (CCM), Àlvaro Massingue. Speaking at a meeting to clarify the tax changes to the customs tariff, VAT code and ICE, Masingue said that the business class expects more...