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Home Extractive industry Comments on Draft Fiscal Laws on Petroleum and Minerals

Comments on Draft Fiscal Laws on Petroleum and Minerals

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Comments on Draft Fiscal Laws on Petroleum and Minerals

The Mozambique Government is revising the fiscal regime for petroleum and mining sector. Tax Authority undertook public consultations on the draft Fiscal Laws on Petroleum and Minerals. This is a CIP input to this process which concludes that by consolidating patchwork laws and decrees, placing core terms in legislation, closing some loopholes and adding a resource rent tax to the mineral sector, these laws provide a strong foundation for the next generation of extractive exploration sector in Mozambique. Good tax terms and clear laws improve the chances that the government will actually get a fair share of the revenues, though experience from another rich resource developing countries suggests that actually collecting the appropriate amount of revenue will be a serious challenge given company tax avoidance strategies.

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CIP - Public Integrity Center