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Mozambique Cuts Reduces Standard VAT Rate

The Mozambique Assembly of the Republic (parliament) approved a package of tax measures on 30 November 2022 that includes corporate tax and VAT amendments. The main measures include:

  • A reduction in the withholding tax rate from 20% to 10% on payments for services provided by non-residents to national agriculture companies;
  • A reduction in the standard VAT rate from 17% to 16%;
  • A change in the VAT rate on educational and health services provided by private entities to the standard rate (16%); and
  • The introduction of a VAT exemption for agricultural and electrical equipment imports.

The measures apply from 1 January 2023.

Source Orbitax

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