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Mozambique is preparing to eliminate, by the end of next year, the obligatory use of customs brokers in the clearance of goods. This arrangement has led to fiscal problems that result in high losses for the state
Mozambique is preparing to eliminate, by the end of next year, the obligatory use of customs brokers in the clearance of goods. This arrangement has led to fiscal problems that result in high losses for the state.
The Ministry of Industry and Commerce (MIC), in partnership with the Tax Authority of Mozambique (AT) and the Confederation of Economic Associations (CTA) held a second session of the National Trade Facilitation Committee steering committee in Maputo recently to discuss how to implement this decision.
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National Director of Commerce at the MIC, Claire Zimba, said that the elimination of the mandatory use of customs brokers in operations would lead to direct contact between the tax authorities and importers. That can result in greater effectiveness in reducing the problem of smuggling. That would also lead to the creation of a strong database of importers. The meeting also took an assessment of the state of Mozambique’s commitments to the World Trade Organization’s Trade Facilitation Agreement.
Mobile money agents welcome a reduction in the rate of e-levy; ask for further reduction to pep up the economy
The Mobile Money Agents Association of Ghana has welcomed the approval of the reduction in the Electronic Transfer Levy rate and the subsequent restoration of the GH¢100 threshold on daily transactions. Yet, the agency feels that there is scope for further slashing of the e-levy to catalyze economic activities in the West African country, recently undergoing one of its worst economic trajectories
The Mobile Money Agents Association of Ghana has welcomed the approval of the reduction in the Electronic Transfer Levy rate and the subsequent restoration of the GH¢100 threshold on daily transactions. Yet, the agency feels that there is scope for further slashing of the e-levy to catalyse economic activities in the West African country, recently undergoing one of its worst economic trajectories.
The Minority in Parliament succeeded in ensuring that the government maintains the exemption of E-levy as the rate was further reduced from 1.5 to 1 percent effective 2023. The levy had failed to meet all of its revenue targets since its introduction with players in the telco space raising concerns over the practicality of running an effective mobile money service with the levy in place.
General Secretary of the Mobile Money Agents Association of Ghana, Evans Otumfuo stated that the levy charged on electronic transactions must further be reduced in subsequent budgets. He added that the government must reduce the rate further to encourage people to use the platform to mop up more revenue.
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The Association felt that if people feel that the rate is high, they will try to find alternatives, thereby defeating the very purpose of the policy. He added that the government must intensify education on the reduction of the e-levy charges on electronic transactions. The agents have been pushing for a further reduction of the E-levy to between 0.1 to 0.5%.
