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Mozambique Amends Regulation on the Specific Regime of Taxation and Tax Benefits for Mining Activities

13 April 2023

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Approved Changes

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Mozambique

According to recent reports, the Mozambique government issued Decree No. 76/2022 in December 2022, which amended the Regulation on the Specific Regime of Taxation and Tax Benefits for Mining Activities. The main changes in relation to taxation include the following: The 50% reduction in the mining production tax for extracted minerals used for the development of local industry is repealed; Taxpayers holding more than one mining title are required to create separate legal entities with separate tax numbers and accounting records for each prospecting and research license, mining concession, and mining certificate, and are required to determine the tax obligations...