{"id":33913,"date":"2023-02-12T10:35:36","date_gmt":"2023-02-12T10:35:36","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability"},"modified":"2023-02-12T11:05:53","modified_gmt":"2023-02-12T11:05:53","slug":"high-tax-burden-threatens-firms-profits-viability","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability","title":{"rendered":"High tax burden threatens firms\u2019 profits, viability"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>A study by the Mozambique\u2019s Confederation of Economic Associations (CTA), the country\u2019s largest business organisation, argues that a high tax burden threatens to wipe out company profits, undermining business viability and competitiveness.<\/p>\n

\u201cThe results show that the current tax burden on Mozambican companies is 36.1 percent and is above that which exists in most developing countries,\u201d states the study, titled \u2018Tax Burden in the Business Sector in Mozambique\u2019.<\/p>\n

According to the analysis, the burden of taxes and duties threatens to annul company profits, if the current upward trend continues and reaches 43% of the businesses\u2019 results.<\/p>\n

This increase will, in turn, put at risk state revenues, by undermining activity and competitiveness, the study argues.<\/p>\n

It also criticises the narrowing of the tax base in Mozambique, noting that collection is concentrated on only 19.3% of taxable entities, including individuals and companies, with the rest having no income tax obligations.<\/p>\n

The CTA believes that there has been a \u201cfederalisation\u201d in the structure of taxes and fees in Mozambique, with a proliferation of entities creating levies independently, without authorisation from supervisory bodies.<\/p>\n

\u201cThis conclusion is substantiated by estimates that show that of total tax contributions, the industrial sector channels 59.4 percent to the Tax Authority and the remaining 49.6 percent to other state entities,\u201d the study notes.<\/p>\n

The tax policy in force in the country, it continues, is ever more complex and difficult to monitor, harming the private sector.<\/p>\n

According to the analysis, companies are also forced to deal with situations that amount to double taxation, as happens in the transport sector, where there are two main taxes: one on road traffic and another on vehicles.<\/p>\n

CTA advocates a pause for reflection on the introduction of new taxes and duties, given the current spiralling tax burden on firms.<\/p>\n

Tax policy, it argues, should be centralised in the Ministry of Economy and Finance, avoiding the dispersion of levies among various entities.<\/p>\n

A review of the principles of value-added tax (VAT) deduction is also recommended as a way of reducing the burden.<\/p>\n

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

Africa-Press – Mozambique. A study by the Mozambique\u2019s Confederation of Economic Associations (CTA), the country\u2019s largest business organisation, argues that a high tax burden threatens to wipe out company profits, undermining business viability and competitiveness. \u201cThe results show that the current tax burden on Mozambican companies is 36.1 percent and is above that which exists […]<\/p>\n","protected":false},"author":84,"featured_media":33912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-33913","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":"\nHigh tax burden threatens firms\u2019 profits, viability - Mozambique<\/title>\n<meta name=\"description\" content=\"A study by the Mozambique\u2019s Confederation of Economic Associations (CTA), the country\u2019s largest business organisation, a ...\" \/>\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\/high-tax-burden-threatens-firms-profits-viability\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"High tax burden threatens firms\u2019 profits, viability\" \/>\n<meta property=\"og:description\" content=\"A study by the Mozambique\u2019s Confederation of Economic Associations (CTA), the country\u2019s largest business organisation, a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability\" \/>\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=\"2023-02-12T10:35:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-12T11:05:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/02\/postQueueImg_1676186949.38.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"365\" \/>\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=\"2 minutes\" \/>\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\/high-tax-burden-threatens-firms-profits-viability#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"High tax burden threatens firms\u2019 profits, viability\",\"datePublished\":\"2023-02-12T10:35:36+00:00\",\"dateModified\":\"2023-02-12T11:05:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability\"},\"wordCount\":353,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/02\/postQueueImg_1676186949.38.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\/high-tax-burden-threatens-firms-profits-viability#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability\",\"name\":\"High tax burden threatens firms\u2019 profits, viability - Mozambique\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/02\/postQueueImg_1676186949.38.jpg\",\"datePublished\":\"2023-02-12T10:35:36+00:00\",\"dateModified\":\"2023-02-12T11:05:53+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"A study by the Mozambique\u2019s Confederation of Economic Associations (CTA), the country\u2019s largest business organisation, a ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/02\/postQueueImg_1676186949.38.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/02\/postQueueImg_1676186949.38.jpg\",\"width\":720,\"height\":365,\"caption\":\"High tax burden threatens firms\u2019 profits, viability\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/mozambique\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"High tax burden threatens firms\u2019 profits, viability\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/\",\"name\":\"Mozambique\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/mozambique\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"High tax burden threatens firms\u2019 profits, viability - Mozambique","description":"A study by the Mozambique\u2019s Confederation of Economic Associations (CTA), the country\u2019s largest business organisation, a ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability","og_locale":"en_US","og_type":"article","og_title":"High tax burden threatens firms\u2019 profits, viability","og_description":"A study by the Mozambique\u2019s Confederation of Economic Associations (CTA), the country\u2019s largest business organisation, a ...","og_url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability","og_site_name":"Mozambique","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-02-12T10:35:36+00:00","article_modified_time":"2023-02-12T11:05:53+00:00","og_image":[{"width":720,"height":365,"url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/02\/postQueueImg_1676186949.38.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"High tax burden threatens firms\u2019 profits, viability","datePublished":"2023-02-12T10:35:36+00:00","dateModified":"2023-02-12T11:05:53+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability"},"wordCount":353,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/02\/postQueueImg_1676186949.38.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\/high-tax-burden-threatens-firms-profits-viability#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability","url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability","name":"High tax burden threatens firms\u2019 profits, viability - Mozambique","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/02\/postQueueImg_1676186949.38.jpg","datePublished":"2023-02-12T10:35:36+00:00","dateModified":"2023-02-12T11:05:53+00:00","author":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"A study by the Mozambique\u2019s Confederation of Economic Associations (CTA), the country\u2019s largest business organisation, a ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability#primaryimage","url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/02\/postQueueImg_1676186949.38.jpg","contentUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/02\/postQueueImg_1676186949.38.jpg","width":720,"height":365,"caption":"High tax burden threatens firms\u2019 profits, viability"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/high-tax-burden-threatens-firms-profits-viability#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/mozambique\/"},{"@type":"ListItem","position":2,"name":"High tax burden threatens firms\u2019 profits, viability"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/mozambique\/#website","url":"https:\/\/www.africa-press.net\/mozambique\/","name":"Mozambique","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/mozambique\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/33913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/comments?post=33913"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/33913\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media\/33912"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media?parent=33913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/categories?post=33913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/tags?post=33913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}