Home Science Technology Mozambique sets to start taxing digital economy in 2024

Mozambique sets to start taxing digital economy in 2024

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Digital Wallet Iate Term Of The Week
Digital Wallet Iate Term Of The Week

Mozambique plans to impose a tax on the digital economy starting next year to meet tax administration challenges and boost state revenue, a senior official has said.

According to a report published Monday by Noticias, the country’s leading newspaper, Deputy Minister of Economy and Finance Carla Louveira highlighted the significant global impact on the national tax system, focusing on digital transactions including e-commerce, mobile wallet operations and the monitoring of domestic and international transactions.

The Tax Authority has established a digital economy taxation unit, Louveira disclosed during the opening of the Scientific Conference of the Mozambique Tax Authority on Sunday.

According to the report, a preliminary test of the concept will be conducted in November, focusing on the control and taxation of online transactions within the tourism sector.

“We are currently in an era of rapid transformation in the realm of information and communications technology, and the digital economy plays a central role,” she said.

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