AT recovers 17.2 million dollars from audits and inspections

Maputo, 29 Mar (AIM) – The Mozambican Tax Authority (AT) has recovered 1.1 billion meticais (about 17.2 million dollars, at the current exchange rate), as a result of audits and inspections carried out over the last year.

The figure represents a 15 percent increase compared to 2022, when one billion meticais were recovered.

According to the AT Director General for Taxes, Lurdes Banze, who was speaking on Thursday, in Maputo, at the launch of the 2024 – 2025 Cycle of Audits and Inspections “In November 2023, all inspection, surveillance and auditing activities were interrupted throughout the national territory, a measure that was aimed at improving internal procedures for audits and inspections, specifically aimed at standardizing the internal procedures for action by the audit, tax and customs inspection brigades”.

The interruption, she said, was also aimed at promoting joint audits and inspections, as well as reducing the likelihood of the same entity undergoing two audits or inspections at different times in the same financial year. It also gave greater priority to controls carried out using computerized mechanisms, and ensuring that the legitimate rights of taxpayers are duly observed.

“The improvement aims to ensure, in the medium term, the effective collection of completed audits and entries sent to all collection units, continued notification to collection units to send accounting files on time, the carrying out of specialized tax audits in the financial, construction, hotel and tourism sectors, and training and capacity-building actions for technicians in the various tax areas”, Banze said.

“The AT’s ultimate aim, with these measures, is to provide a competitive balance in each sector of economic activity and to inhibit tax evasion in order to combat corruption and enable the economy to function normally”, she added.

(AIM)

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