Monday, March 4, 2024

Republic of Mozambique
Ministry of Economy and Finance

Republic of Mozambique
Ministry of Economy and Finance

03

LOWER THE CORPORATE INCOME TAX RATE FROM 32% TO 10%, IN THE AGRICULTURE, AQUACULTURE AND URBAN TRANSPORT SECTORS

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LOWER THE CORPORATE INCOME TAX RATE FROM 32% TO 10%, IN THE AGRICULTURE, AQUACULTURE AND URBAN TRANSPORT SECTORS

This measure aims to improve the competitiveness of the indicated sectors, making them more attractive to private investment while reducing its deficit as well as the cost of public transport for the populations.

Also as part of the promotion of the competitiveness of the agricultural sector, the government is going to reduce the clearance rate charged to foreign entities that provide services to national agricultural companies from 20% to 10% and eliminate the withholding tax of 20% on interest of external financing for agricultural projects.

LOWER THE CORPORATE INCOME TAX RATE FROM 32% TO 10%, IN THE AGRICULTURE, AQUACULTURE AND URBAN TRANSPORT SECTORS

This measure aims to improve the competitiveness of the indicated sectors, making them more attractive to private investment while reducing its deficit as well as the cost of public transport for the populations.

Also as part of the promotion of the competitiveness of the agricultural sector, the government is going to reduce the clearance rate charged to foreign entities that provide services to national agricultural companies from 20% to 10% and eliminate the withholding tax of 20% on interest of external financing for agricultural projects.