{"id":54899,"date":"2024-01-30T18:24:35","date_gmt":"2024-01-30T18:24:35","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf"},"modified":"2024-01-30T19:24:44","modified_gmt":"2024-01-30T19:24:44","slug":"additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf","title":{"rendered":"Additional tax on rental income, broadening of VAT base promised to the IMF"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mozambique. <\/strong><\/span>The Mozambican government has pledged to the International Monetary Fund (IMF) that it will broaden the VAT base and impose an \u201cadditional tax\u201d on rental income from personal property, according to <b>a document<\/b> to which Lusa had access this Friday.<\/p>\n<p>\u201cWe are advancing with the core fiscal reforms needed to foster growth and achieve our debt reduction objectives,\u201d reads a letter sent to the IMF by Minister of Economy and Finance, Max Tonela, and Bank of Mozambique governor Roge\u0301rio Zandamela.<\/p>\n<p>Addressed to IMF managing director Kristalina Georgieva and dated December 19th, the letter formalizes the request for approval of the third evaluation of the IMF assistance program to Mozambique, and the release of the third tranche of support.<\/p>\n<p>\u201cWith respect to VAT reforms, we are fully implementing the elimination of exemptions and zero-ratings identified through the 2022 prior action by end-2023,\u201d the letter adds, also mentioning the \u201cdomestic revenue mobilization effort\u201d, which includes \u201cbroadening the VAT base\u201d, as well as an \u201cadditional tax on rental income from personal property\u201d.<\/p>\n<p>The government also commits to \u201d aligning the reference price of the extractive industry to international prices in line with best practice, supported by tax administration measures\u201d, noting that \u201cnon-tax policy measures include increasing the concession rate on profit-making SOEs (state-owned enterprise)\u201d.<\/p>\n<p>The government also emphasizes that last April\u2019s decision on the resumption of the automatic fuel price mechanism for diesel and gasoline prices \u201chelped in reducing market frictions and fiscal liability\u201d.<\/p>\n<p>On January 8th, the IMF approved the third evaluation of the assistance plan for Mozambique, allowing the \u201cimmediate disbursement\u201d of a new tranche of US$60.7 million (\u20ac55.4 million) for budget support.<\/p>\n<p>In a previously released statement, the IMF said that the executive board \u201ccompleted the third assessment\u201d of the implementation of the 36-month Extended Credit Facility (ECF) program in Mozambique. With this third tranche, total disbursements to Mozambique under this ECF amount to around US$273 million (\u20ac249.2 million).<\/p>\n<p>\u201cProgram performance has been satisfactory. Five of eight structural benchmarks (SBs) were met as of end-December 2023, and three of four quantitative performance criteria (QPCs) were observed,\u201d says the IMF, regarding the evaluation of the ECF agreed with Mozambique.<\/p>\n<p>\u201cBased on remedial actions adopted by the authorities, the Executive Board approved a waiver of non-observance of the continuous performance criterion on non-accumulation of new public and publicly guaranteed external payment arrears which was missed due to delays in debt service repayment,\u201d the IMF further noted.<\/p>\n<p>This ECF program was approved in May 2022 and provides Mozambique with finance totalling US$456 million dollars (\u20ac416.2 million).<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. The Mozambican government has pledged to the International Monetary Fund (IMF) that it will broaden the VAT base and impose an \u201cadditional tax\u201d on rental income from personal property, according to a document to which Lusa had access this Friday. \u201cWe are advancing with the core fiscal reforms needed to foster growth [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":54898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-54899","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":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Additional tax on rental income, broadening of VAT base promised to the IMF - Mozambique<\/title>\n<meta name=\"description\" content=\"The Mozambican government has pledged to the International Monetary Fund (IMF) that it will broaden the VAT base and imp ...\" \/>\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\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Additional tax on rental income, broadening of VAT base promised to the IMF\" \/>\n<meta property=\"og:description\" content=\"The Mozambican government has pledged to the International Monetary Fund (IMF) that it will broaden the VAT base and imp ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf\" \/>\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=\"2024-01-30T18:24:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-30T19:24:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/01\/sm_1706629665.669798.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"775\" \/>\n\t<meta property=\"og:image:height\" content=\"517\" \/>\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=\"3 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\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Additional tax on rental income, broadening of VAT base promised to the IMF\",\"datePublished\":\"2024-01-30T18:24:35+00:00\",\"dateModified\":\"2024-01-30T19:24:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf\"},\"wordCount\":443,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/01\/sm_1706629665.669798.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\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf\",\"name\":\"Additional tax on rental income, broadening of VAT base promised to the IMF - Mozambique\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/01\/sm_1706629665.669798.jpg\",\"datePublished\":\"2024-01-30T18:24:35+00:00\",\"dateModified\":\"2024-01-30T19:24:44+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The Mozambican government has pledged to the International Monetary Fund (IMF) that it will broaden the VAT base and imp ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/01\/sm_1706629665.669798.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/01\/sm_1706629665.669798.jpg\",\"width\":775,\"height\":517,\"caption\":\"Additional tax on rental income, broadening of VAT base promised to the IMF\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/mozambique\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Additional tax on rental income, broadening of VAT base promised to the IMF\"}]},{\"@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":"Additional tax on rental income, broadening of VAT base promised to the IMF - Mozambique","description":"The Mozambican government has pledged to the International Monetary Fund (IMF) that it will broaden the VAT base and imp ...","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\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf","og_locale":"en_US","og_type":"article","og_title":"Additional tax on rental income, broadening of VAT base promised to the IMF","og_description":"The Mozambican government has pledged to the International Monetary Fund (IMF) that it will broaden the VAT base and imp ...","og_url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf","og_site_name":"Mozambique","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2024-01-30T18:24:35+00:00","article_modified_time":"2024-01-30T19:24:44+00:00","og_image":[{"width":775,"height":517,"url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/01\/sm_1706629665.669798.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Additional tax on rental income, broadening of VAT base promised to the IMF","datePublished":"2024-01-30T18:24:35+00:00","dateModified":"2024-01-30T19:24:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf"},"wordCount":443,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/01\/sm_1706629665.669798.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\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf","url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf","name":"Additional tax on rental income, broadening of VAT base promised to the IMF - Mozambique","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/01\/sm_1706629665.669798.jpg","datePublished":"2024-01-30T18:24:35+00:00","dateModified":"2024-01-30T19:24:44+00:00","author":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The Mozambican government has pledged to the International Monetary Fund (IMF) that it will broaden the VAT base and imp ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf#primaryimage","url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/01\/sm_1706629665.669798.jpg","contentUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/01\/sm_1706629665.669798.jpg","width":775,"height":517,"caption":"Additional tax on rental income, broadening of VAT base promised to the IMF"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/additional-tax-on-rental-income-broadening-of-vat-base-promised-to-the-imf#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/mozambique\/"},{"@type":"ListItem","position":2,"name":"Additional tax on rental income, broadening of VAT base promised to the IMF"}]},{"@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\/54899","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=54899"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/54899\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media\/54898"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media?parent=54899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/categories?post=54899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/tags?post=54899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}