Mozambique: Government approves law amending the VAT Code

The Government approved yesterday the Law amending the Value Added Tax (VAT) Code, approved by Law No.

22/2022, of 28 December. The amendment aims to broaden the tax base by including the incidence of this tax on digital economy transactions; eliminate evident distortions in the Value Added Tax, establishing parity between tax assessment and the right to deduction; modernise and simplify procedures related to the electronic submission of invoices and equivalent documents; and carefully and harmoniously reformulate the taxation regimes, considering the reorganisation of the Mozambican Tax System.