The Mozambican parliament approved a proposal to exempt sugar, cooking oils, soaps, raw materials, and machinery from these sectors from VAT until December 2025, with the state estimating a loss of 31.6 million euros in revenue.
The bill amending the Value Added Tax (VAT) code was unanimously approved by all parliamentary parties, with the Mozambique Democratic Movement (MDM) explaining that it voted in favor because it believes the measure will ease the cost of living, but asked for government oversight in its application.
(Source LUSA)
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