Zitamar Daily Briefing, 18 July 2018
Welcome to Zitamar’s daily Mozambique briefing for 18 July, 2018. Agenda Today: First day of…
Browsing: Autoridade Tributaria
Mozambique petroleum tax changes don’t apply to Rovuma projects, AT confirms
Mozambique’s tax authority has clarified that an amendment to the petroleum tax law passed by parliament last month does not affect the offshore Area 1 and Area 4 gas projects led by Eni and Anadarko.
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Mozambique tax receipts up; still waiting for Eni-Exxon windfall
The Mozambican Tax Authority took in 89.5 billion meticais ($1.46bn) during the first half of 2017, a 12% increase on the first half of 2016 despite a slowdown in public investment leading to lower receipts in some sectors.
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Experts back Mozambique tax decision for complex Eni-Exxon gas deal
Independent tax experts have endorsed the Mozambican Tax Authority’s calculations for the capital gains tax
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Mozambique to charge $350 million capital gains tax on Eni-Exxon deal
Eni will pay roughly $350 million in capital gains tax on its $2.8 billion sale of a stake in its Rovuma Basin gas block to ExxonMobil, Mozambique’s tax authority announced on Tuesday.
Aníbal Mbalango, the Autoridade Tributaria (AT)’s adjunct director general [...]
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Eni-Exxon CGT bill ‘not automatic,’ says Mozambique tax authority
Mozambique’s Tax Authority (Autoridade Tributaria, or AT) is still calculating the taxable base for the offshore gas block stake that Italy’s Eni is selling to US oil giant ExxonMobil, promising a statement on Tuesday on how it calculates the capital gains [...]
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Mozambique President appoints deputy minister of trade and industry
Ragendra de Sousa, an economist specialised in agriculture, has been appointed deputy minister of trade and industry by Mozambican president Filipe Nyusi. Nyusi has also appointed the former head of the tax authority, Rosario Fernandes, to head up [...]
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Mozambique tax authority eyes coal mine M&A payday
The head of Mozambique’s tax authority, the Autoridade Tributária (AT), says the country’s foreign ministry is helping to resolve a long-running tax dispute over the sale of Rio Tinto’s Mozambican coal mining operations. Meanwhile, the AT is looking forward to bumper receipts from other coal [...]
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