- Mozambican parliament exempts sugar, soap, and vegetable oils from VAT until 31 December.
- Exemption includes raw materials and equipment for production.
- Aims to stimulate economic growth, reduce costs, and increase purchasing power.
- Government to lose over two billion meticais in tax revenue.
- Similar exemption was in place until 2019, reimposed in 2024.
- Previous government removed exemptions as a condition for IMF support.
- Basic foods like maize, rice, and bread remain VAT-exempt.
Source: aimnews.org
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
