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CTA president Agostinho Vuma recently told at a meeting called to assess the impact of the demonstrations that some relief in the tax burden would be an oxygen balloon for companies battling to survive market adversities.
The private sector of Mozambique once again insists that the government exempts cooking oils, soap, and sugar, as well as chicken and eggs, from value-added tax (VAT).
According to the Confederation of Economic Associations of Mozambique (CTA), this would stimulate industry in the context of constant crises, such as the current scenario of strikes and vandalism under the pretext of repudiating the recent electoral results.
CTA president Agostinho Vuma recently told at a meeting called to assess the impact of the demonstrations that some relief in the tax burden would be an oxygen balloon for companies battling to survive market adversities.
Entrepreneurs also consider it necessary to expand VAT credit compensation, which is currently excluded from the tax credit system. VAT exemption on sugar, edible oils, and soaps ended on December 31 last year.
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Minister of Industry and Commerce, Silvino Moreno, has already voiced his opposition to an exemption based on its adverse effect on revenue, and because the intended purposes of the measure were not achieved.
