Mozambique: Assembly Alters Tax Codes

Maputo — The Mozambican parliament, the Assembly of the Republic, on Monday passed government bills altering the tax codes for personal income tax and corporation tax, which the Finance Ministry claims will both simplify procedures and raise more revenue.

A bill amending the personal income tax code will bring the government an extra 424.7 million meticais (14.2 million US dollars) next year, but without altering the tax rates. The income tax bands continue to range from 10 to 32 per cent.

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