NEWSLETTER MARCH 2018

Transcription

1 NEWSLETTER MARCH 2018

2 MONTHLY TAX OBLIGATIONS DATE OBLIGATION DESCRIPTION LEGAL BASIS DAY 10 Social Security Payment of employees Social security contribution from salaries of previous month. Art.11 of Decree no. 53/07, of 3 December Stamp Tax Payment of taxes related to bills of exchange and promissory notes resulting from the use of credit in financial transactions and insurance polices which fiscal obligations were incurred in the previous month. Art.16, no.1 of Decree no. 6/2004 IRPS (Personal Income Tax) Payment of withheld taxes from Personal Income Tax Code (includes PAYE) Art.65 CIRPS IRPC (Company Income Tax) Payment of Corporate Tax No.5, Art.67 CIRPC Specific Tax on Oil Production Payment of Oil production taxes for the previous month. Art.10 of Decree no. 4/2008 Mining Production Tax Payment of mineral extraction taxes for the previous month. Art.10 of Decree no. 5/2008 DAY 15 Normal Regime Submission to relevant Tax Authority the periodic statement of the previous month when there are credits. Art.25, point c), no.1, Art. 32 of CIVA THE LAST VAT Normal Regime Submission to relevant Tax Authority the periodic statement of the previous month with respective payment. Taxpayers who did not perform any taxable transaction are also required to submit periodic statement. Art.25, point c), no.1, Art. 32 of CIVA DAY OF THE MONTH Isolated acts Taxable persons who performed independently a single taxable transaction should submit the respective statement (Model E) Art.33 of CI- VA

3 PERSONAL INCOME TAX Taxpayers who have earned income only from employment (First Category) must submit until March 31st the annual income from the previous year. TAX ON VEHICLES We caution that the deadline for the payment of Tax on Vehicles charged in municipalities is 31 March according to our publication of February which also indicates the rates in force. NOMINAL LIST We hereby alert that according to the Ministerial Diploma No. 104/2015 of 27 November 2015, the companies must submit employee list - list of employees on company business to the Ministry of Labour, Employment and Social through an application called Sistema de Gestão de Folha de Relação Nominal available on the website of the Ministry of Labour, Employment and Social Security. The Nominal lists should reflect the information presented on the payrolls for the month of March. Security until April 30 of each year. Completion and submission of the Nominal list should be done online LEGISLATION PUBLISHED DURING THE MONTH OF FEBRUARY COUNCIL OF MINISTERS: Decree No. 1/2018: Assigns powers to the organs and institutions of the state to carry out the budgetary changes in the scope of the administration of the State Budget. PRESIDENCY OF THE REPUBLIC: Presidencial Dispatch No. 1/2018: Exonerates Maria Gustava, from the position of Ambassador Extraordinary and Plenipotentiary of the Republic of Mozambique to the Kingdom of Indonesia, the Republic of East Timor, the Kingdom of Thailand and the post of High Commissioner of the Republic of Mozambique to the Republic of Singapore and the Federation of Malaysia. Ministerial Diploma No. 5/2018: Approves the Organic Statute of the Provincial Directorate for Youth and Sports. MINISTRY OF STATE ADMINISTRA- TION AND PUBLIC FUNCTION: Ministerial Diploma No. 6/2018: Approves the Classification Plan and the Temporary Table of Documents of the Final Activities of the Ministry of Land, Environment and Rural Development. NATIONAL ELECTION COMISSION: Deliberation No. 1/CNE/2018: Approval of the Minutes and the Editing of the Centralization and Clearance of Electoral Results of the Interim Election of the President of the Municipal Council of the City of Nampula of January 24, 2018.

4 ECONOMIC PARTNERSHIP AGREEMENT BETWEEN THE EUROPEAN UNION AND THE SOUTHERN AFRICAN DEVELOPMENT COMMUNITY Economic Partnership Agreement (EPA) between the European Union (EU) and the Southern African Development Community (SADC) was recently signed by Mozambique. Mozambique was the last to join the EU-SADC agreement, after the other five countries - Botswana, Lesotho, Namibia, South Africa and Swaziland - already implemented the EPA in October This agreement aims to enable the parties to maximize the benefits arising from the elimination of duties, quotas and preferential treatment existing in the trade relations between the two blocs, often conditioned by asymmetric development. Due to EPA between EU and SADC, signatory countries are generally exempt from customs duties and have access to the European market, and in particular Mozambique under this agreement, will progressively, over a number of years, reduce or eliminate customs duties on many of the EU imports, namely: Immediate exemption after signature of the agreement for goods in category A (raw materials such as seeds, fertilizers and chemicals). Exemption from the 5th year after signature of the agreement for goods in category B (Good used in industry such as machine parts). Exemption from the 10th year after signature of the agreement for goods in category C (sensitive goods). Category Date of entry into force (basic duty) Years after entry into force A B B B C C C C

5 DECISIONS TAKEN BY THE COUNCIL OF MINISTERS - FEBRUARY Decree revising articles 1 and 6 of Decree No. 8/2016, of April 15, on the National Administration of Conservation Areas (ANAC). Decree approving the Regulation of Law No. 10/2017, of August 1, which approves the General Statute for State Employees and Agents (REGFAE). Action Plan for Employment Policy Resolution authorizing definitively the request of Montepuez Ruby Mining, Lda, for the acquisition of Use of Land, covering an area of 18,010 hectares located at the Administrative Post of Namanhumbir, Montepuez District, Cabo Delgado Province, destined for Mining. Resolution establishing the Terms for the Elaboration of the Special Plan of Interprovincial Territorial Planning, covering a Plot in the District of Matutuine, Maputo Province and the Municipal District ka Nhaca, in the City of Maputo, designated as the Special Plan of the Territory of the Elephants Coast. Resolution approving the Project Development Plan for Area 1 of the Rovuma Basin (Anadarko). Resolution that brings Faruco Sadique Ibraimo to the position of Chairman of the Board of Directors of Rádio Moçambique - E.P. Revision of Law No. 4/96, of January 4, Sea Law. Balance of the Economic and Social Plan of 2017 and the Report of Execution of the State Budget of Execution of the 2017 State Budget. Decree that approves the Regulation for granting the Allowance in Preventive Detention to State Employees and Agents. Decree that approves the Regulation for the award of Distinctions and Awards to State Employees and Agents. Resolution approving the Strategic Plan for Professional Technical Education for Resolution that exonarates Jaime Cuambe, from the position of Chairman of the Board of Directors of Television de Moçambique, EP. Resolution appointing, Armando Inroga, to the position of Chairman of the Board of Directors of Television de Moçambique, EP. Decree that marks the date of March 14, 2018, for the accomplishment of the 2nd Round of the Intermediate Election of the President of the Municipal Council of the City of Nampula. Decree that changes the period of the electoral census of the Root of the Fifth Local Elections, dated October 10, 2018, previously set for the period from March 1 to April 29, 2018, passes to the period from 17 March to May 19, Decree that approves the Regulation of Scholarships for State Officials. Decree establishing the National Institute for the Development and Management of Fisheries Infrastructures (INFRAPESCA). Decree establishing the National Institute for Support to Refugees and repeals Decree No. 51/2003 of 24 December. Decree revising the Code of Judicial Costs. Decree revising Decree no. 82/2009, of 29 December, on E m o l u m e n t P a r t i c i p a t i o n Amounts due to Magistrates assigned to the Supreme Court and the Superior Appeals Courts. Action Plan of the Universal Periodic Review Mechanism II- PARPU II ( ), which aims to guarantee the significant realization of human rights for the Mozambican people.

6 BDO IS ONE OF THE TOP 5 ACCOUNTING NETWORKS At year end on 30 September 2017, BDO's global network provides advisory services in 162 countries, with close to 73 thousand people working out of more than 1,500 offices worldwide. We have demanding client service standards that all our firms must meet and we trust our people to use their skills and experience to deliver the exceptional service global clients ex- 162 Coutries Offices Staff pect. AUDIT ADVISORY In addition to validating financial information of companies and institutions, we analyze not only the correct application of standards and legislation, but also the internal control system and continuity of operations. Our professional intervention in this area includes, in particular: Complete audit the financial statements; Review internal control; Limited review financial statements; Examination of prospective financial information; Specific audits (incentives, due diligence, accounting, research, statistics); Internal audit, management, information technology, taxation and others. ACCOUNTING BDO Advisory has qualified advisors to support solutions that generate added value for companies and other entities increasingly look for our services. The large experience of BDO allows companies to benefit from functional and practical solutions designed by our team of advisors with the use of advanced technological tools and always taking into account the particularities of each business. In this context, we provide the following services: Evaluation of companies; Feasibility studies; Investment and Financing; Restructuring of companies and organizations; Strategic plans and business plans; Information systems advisory, with particular emphasis to the implementation of integrated systems and developments; Advice on Human Resources; Specific training. BDO is the largest provider of accounting services in the country, with more than 40 technicians and hundreds of devoted customers. We present the ideal solution for the businessmen or institution wishing to focus on their core business leaving highly risky specialized administrative tasks to professionals and experts. The main services we provide are the following: Transition and implementation of IFRS; Accounting Service; Accounting Outsourcing; Payroll Services; Consolidation of accounts; Training. TAX BDO Tax monitors the compliance with the obligations of the companies, institutions and individuals, and shall review tax strategies with the aim of optimizing tax solutions and minimize tax risk. Our services include: Monitoring of compliance with tax obligations and charges; Mergers and Acquisitions; Process of insolvency; Full tax situations diagnosis; Tax planning and prevention; Studies of fiscal framework; Taxation of expatriates; Collection of tax incentives; Support expatriates; Support transfer of capital.

7 CONTACTOS CONTACTS Av. 25 de Setembro, 1230, 25 de Setembro Avenue, 1230, 3º Andar Bloco 5 CP th Floor Block 5 CP 4200 Maputo Maputo República de Moçambique Republic of Mozambique Tel.: Tel.: eferreira@bdo.co.mz eferreira@bdo.co.mz Esta This informação information foi has cuidadosamente been carefully preparada, prepared, mas but foi it escrita has been em written termos gerais in general e deve terms ser vista and should apenas be como seen uma as broad orientação guidance ampla. only. A The informação information não cannot pode ser be invocada relied upon para to cobrir cover specific situações situations específicas, and e you should not act, or refrain from acting, upon the information contained therein without obtaining specific não deve agir ou não agir, com base nas informações nela contidas sem a obtenção de aconselhamento professional advice. Please contact BDO Lda. to discuss these matters in the context of your particular profissional circumstances. específico. BDO Lda., Entre its em partners, contacto employees com BDO Lda. and agents para discutir do not estas accept questões or assume no contexto any liability das or duty of care for any loss arising from any action taken or not taken by anyone in reliance on this information or for any decision based on it. suas circunstâncias particulares. BDO Lda, seus sócios e colaboradores não irão aceitar ou assumir qualquer responsabilidade ou dever de cuidar de eventuais perdas decorrentes de medidas tomadas ou não tomadas por qualquer pessoa baseando-se nesta informação ou para qualquer decisão com base nela. BDO Lda., a Mozambican limited company, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms Legal authorization to work in Audit and Certification of Accounts by order of 27/10/99 Vice-Minister of Planning and Finance Copyright BDO Lda. All rights reserved.. Please consider the environment before printing this document