Tax Authority collected 338 billion meticais in 2023

Maputo, 24 Jan (AIM) – The Mozambican Tax Authority (AT) collected over 338 billion Meticais (5.2 billion dollars, at the current exchange rate) in state revenue in 2023.

But this was considerably lower than the target for the year. The AT had planned to collect about 360 billion Meticais.

According to AT chairperson, Amélia Muendane, who was speaking in Maputo on Wednesday at the opening ceremony of the First National Training Seminar on Cooperativism, the figure is an increase of over 11 per cent when compared to 2022.

“At the end of the year, the AT had not reached the target”, she admitted. However, “in absolute terms, 338,295.3 million Meticais were collected in 2023, compared to 302,470.73 million Meticais in 2022. Hence there was a nominal growth of 11 per cent in revenue collection in 2023.”

Muendane explained that despite cyclones Idai and Kenneth and the terrorism that has been plaguing the northern province of Cabo Delgado, as well as the Covid-19 pandemic that devastated the world economy in 2020-21, Mozambique remained stable, “with average annual growth of around nine per cent between 2015 and 2023.”

“The highest peak was in 2019, the year in which state revenue grew by 32%”, she claimed.

The event brought together members of the Tax Authority and the National Programme for Cooperative Development.

(AIM)

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