{"id":33854,"date":"2023-02-11T10:27:59","date_gmt":"2023-02-11T10:27:59","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/business-leaders-call-for-reflection-on-tax-benefits-granted-to-mega-projects"},"modified":"2023-02-11T11:37:03","modified_gmt":"2023-02-11T11:37:03","slug":"business-leaders-call-for-reflection-on-tax-benefits-granted-to-mega-projects","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/business-leaders-call-for-reflection-on-tax-benefits-granted-to-mega-projects","title":{"rendered":"Business leaders call for reflection on tax benefits granted to mega-projects"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The Mozambican Confederation of Business Associations (CTA) has called for urgent reflection on the tax benefits granted by the Government to mega-projects, as a way to increase state revenues from tax collection.<\/p>\n

\u201cWe are not saying that we are against the tax benefits. It is a policy of attracting foreign investment. But there is also a need for these companies to start paying taxes\u201d, said Fe\u0301lix Machava, chairperson of the CTA\u2019s fiscal policy, customs and international trade portfolio.<\/p>\n

According to Machava, cited in Tuesday\u2019s issue of the Maputo daily \u201cNoti\u0301cias\u201d, the current value of the tax on profits, Corporation Tax, established at 32 percent, is very high for the functioning of an economy. He also called for a simplification of customs procedures so that the private sector can properly pay their taxes and contribute to the growth of the economy.<\/p>\n

\u201cIt is up to the private sector to create, clarify, investigate, analyse and propose to the government better mechanisms for the growth of the economy\u201d, Machava said, insisting that the current taxes paid by private business are excessive.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. The Mozambican Confederation of Business Associations (CTA) has called for urgent reflection on the tax benefits granted by the Government to mega-projects, as a way to increase state revenues from tax collection. \u201cWe are not saying that we are against the tax benefits. It is a policy of attracting foreign investment. But […]<\/p>\n","protected":false},"author":84,"featured_media":33853,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-33854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nBusiness leaders call for reflection on tax benefits granted to mega-projects - Mozambique<\/title>\n<meta name=\"description\" content=\"The Mozambican Confederation of Business Associations (CTA) has called for urgent reflection on the tax benefits granted ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/business-leaders-call-for-reflection-on-tax-benefits-granted-to-mega-projects\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business leaders call for reflection on tax benefits granted to mega-projects\" \/>\n<meta property=\"og:description\" content=\"The Mozambican Confederation of Business Associations (CTA) has called for urgent reflection on the tax benefits granted ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/business-leaders-call-for-reflection-on-tax-benefits-granted-to-mega-projects\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-11T10:27:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-11T11:37:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/02\/postQueueImg_1676098689.56.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"749\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/business-leaders-call-for-reflection-on-tax-benefits-granted-to-mega-projects#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/business-leaders-call-for-reflection-on-tax-benefits-granted-to-mega-projects\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Business leaders call for reflection on tax benefits granted to mega-projects\",\"datePublished\":\"2023-02-11T10:27:59+00:00\",\"dateModified\":\"2023-02-11T11:37:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/business-leaders-call-for-reflection-on-tax-benefits-granted-to-mega-projects\"},\"wordCount\":204,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/business-leaders-call-for-reflection-on-tax-benefits-granted-to-mega-projects#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/02\/postQueueImg_1676098689.56.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/business-leaders-call-for-reflection-on-tax-benefits-granted-to-mega-projects#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/business-leaders-call-for-reflection-on-tax-benefits-granted-to-mega-projects\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/business-leaders-call-for-reflection-on-tax-benefits-granted-to-mega-projects\",\"name\":\"Business leaders call for reflection on tax benefits granted to mega-projects - 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