- Government in Mozambique will no longer exempt cooking oil, sugar, and soap from Value Added Tax (VAT)
- Minister of Industry and Commerce reiterated this decision during a meeting with businesspeople
- VAT exemption on these products ended on December 31st last year
- The exemption was intended to encourage investment in national raw materials, but refineries continued to import large quantities of oil
- Government will focus on incentives to promote companies using domestic raw materials for oil production
- The aim is to have products on the market at affordable prices for consumers
Source: clubofmozambique.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
