Browsing: capital gains tax

Daily Briefing
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Zitamar Daily Briefing, 7 October

Welcome to Zitamar’s daily Mozambique briefing for 7 October, 2019


Oil & Gas
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Total closes $3.9 billion acquisition of Mozambique LNG

French oil major Total has closed the $3.9 billion acquisition of Anadarko’s 26.5% interest in the Mozambique LNG project in Cabo Delgado and is now officially the operator of the 13 million tonne per annum project. The transaction will bring in around $880 [...]

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Oil & Gas
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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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Coal
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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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