MONTHLY TAX OBLIGATIONS

Transcription

1 NEWSLETTER MAY 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 DAY OF THE MONTH 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. Isolated acts Taxable persons who performed independently a single taxable transaction should submit the respective statement (Model E) Art.25, point c), no.1, Art. 32 of CIVA Art.33 of CI- VA

3 IRPC-ADVANCE COMPANY IN- COME TAX PAYMENT Until May 31st, companies with organized accounting must pay the first instalment of the Advance Company Income Tax (PPC) for financial year of 2018 (article 27 and following of CIRPC). The advance payments are made during May, July and September, except for companies that have adopted a tax period different than the civil year, in which case payments are made on the 5th, 7th and 9th month of the financial year and correspond to 80% of the tax paid in the prior period, divided into three equal parts and rounded up. PPC is a form of prepayment. These payments are intended to reduce the tax burden of the company at the time of payment of income tax. IRPC-INCOME STATEMENT According to articles 36 and 39 both of the IRPC regulation, companies with organized accounting must submit until May 31st their Income Statement (Form 22). Companies with a different tax period than the civil year must submit their Income Statement until the last day of the fifth month after the end of this period. NEW MINNIMUM WAGES The Council of Ministers has recently approved the minimum wages for each sector of activity with payback effect from the 1st of April 2018 (forceful only after publication in the official gazette which has not yet happened). We found small differences between the amounts published in the newspapers and the amounts contained in the documents signed between CTA and Government. We should wait for publication in Government Gazette for the final amounts. MINIMUM WAGE BY ACTIVITY SECTORS SECTOR OLD VALUE MZN CURRENT VALUE MZN NOMINAL GROWTH Sugar Industry % Agriculture and Forestry % Manufacturing resulting from agriculture activity % Cashew industry % Industrial and semi industrial fishing % Fishing of Kapenta % Quarries and megrims % Salinas % Mineral extraction large companies % Manufacturing % Manufacturing bakery % Production and distribution of electricity, gas and water largecompanies Production and distribution of electricity, gas and water small and medium companies % % Construction % Non-financial Services % Hotel Industry % Financial Services banks and insurers % Financial Services micro insurance and other financial intermediation activities %

4 LEGISLATION PUBLISHED DURING THE MONTH OF APRIL ASSEMBLY OF THE REPUBLIC Notice: Correction of the error verified in Law no. 17/2017 of 28 December, which introduces amendments to the Specific Tax Code COUNCIL OF MINISTERS : Decree No 13/2018: Approves the extraordinary transfer for the disbursement of subsidies to support the victims of landslide in the Lixeira de Hulene, from the Ministry of Land, Environment and Rural Development to the City Council of Maputo City. Decree No 13/2018: Approves the Health and Safety Regulation in Public Administration. Resolution No. 7/2018: Ratifies Donation Agreement No. 265-MZ, signed between the Government of the Republic of Mozambique and the International Development Association (IDA) on March 2, 2018 in Maputo, in the amount of USD 80,000,000 (eighty million US dollars), which is intended to finance the Program of Strengthening of Primary Health Care. Resolution No. 8/2018: Ratifies GFF Donation Agreement No. TF0A6152-MZ, signed between the Government of the Republic of Mozambique, the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) - both acting as directors of Global Financing Facility, on March 2, 2018, in Maputo, in the amount of USD 15,000,000 (fifteen million US dollars), is intended to finance the Program of Strengthening Primary Health Care. Resolution No. 9/2018: Approves the Strategic Plan for Professional Technical Education Resolution No. 10/2018: Necessity to make investments to increase the cargo handling capacity in the Port of Beira, by the concessionaire Cornelder de Moçambique, SA. PRESIDENCY OF THE REPUBLIC: Presidential Dispatch No. 14/2018: Appoints Albano Macie to the post of Deputy Minister of State Administration and Public Service. Presidential Dispatch No. 15/2018: Appoints Rafael José Rohomodja to the post of Advisor to the President of the Republic. PRIME MINISTER Dispatch: Designates José Condungua António Pacheco, Minister for Foreign Affairs and Cooperation, National Authorizing Officer of the European Development Fund. Dispatch: Appoints Maria Manuela Lucas, Deputy Minister for Foreign Affairs and Cooperation, National Authorizing Officer of the European Development Fund. MINISTRY OF TRANSPORT AND COMMUNICATION AND PUBLIC WORKS, HOUSING AND WATER RE- SOURCES Ministerial Diploma No. 30/2018: Approves the Regulation that establishes the conditions for the granting of the Special Traffic Authorizations for Motor Vehicles and Overweight or Dimensional Trailers. MINISTRY OF THE EARTH, ENVI- RONMENT AND RURAL DEVELOP- MENT: Ministerial Diploma No. 31/2018: Approves the directive for the construction, operation and closure of Controlled Landfills. NATIONAL ELECTION COMMISSION: Resolution No. 7/CNE/2018: Vacancy arising from the resignation of a member of the Provincial Elections Commission of Manica. Deliberation No. 12/CNE/2018: Filling of vacancies in the Provincial Election Commission of Manica. Deliberation No. 13/CNE/2018: Appointment of the exact date of investiture of the candidate elected to the President of the City Council of Nampula, in the midterm election of March 14, CONSTITUTIONAL COUNCIL: Judgement No.º 3/CC/2018: Validation and proclamation of the results of the Second Round of the Interim Election for President of the City Council of Nampula, held on March 14, INTERMINISTERIAL COMMITTEE ON THE REFORM OF THE PUBLIC AD- MINISTRATION: Resolution No. 5/2018: Creates the career of Specialist in Public Works and approves the respective professional qualifier. Resolution No. 6/2018: Approves the professional qualifier of the function of Delegate of the National Institute of Social Action. Resolution No. 7/2018: Approves the Organic Statute of the Agrarian Development Fund, abbreviated as FDA Fundo de Desenvolvimento Agrário. Resolution No. 8/2018: Approves the Organic Statute of the Ministry of Interior. Resolution No. 9/2018: Approves the Organic Statute of the Institute of Insurance Supervision of Mozambique and repeals the Organic Statute of the Institute of Insurance Supervision of Mozambique, approved by Decree no. 29/2012, of July 26. DECISIONS TAKEN BY THE COUNCIL OF MINISTERS - APRIL Decree approving the Regulation of the Law on Social and Fun Games and revocation of Decree no. 17/2012, of 05 July Safation. Resolution approving the Code of Conduct for State Employees

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6 CONTACTOS CONTACTS Av. 25 de Setembro, 1230, 3º 25 Andar de Setembro Bloco 5 CP Avenue, , Maputo 3th Floor Block 5 CP 4200 República Maputo de Moçambique Republic of Mozambique Tel.: Tel.: eferreira@bdo.co.mz eferreira@bdo.co.mz Esta informação foi cuidadosamente preparada, mas foi escrita em termos gerais e deve ser vista apenas This information has been carefully prepared, but it has been written in general terms and should 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 não should deve not agir act, ou não or refrain agir, com from base acting, nas upon informações the information nela contidas contained sem therein a obtenção without de aconselhamento obtaining specific 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 suas duty circunstâncias of care for any particulares. loss arising BDO from Lda, any seus action sócios taken e colaboradores or not taken não by anyone irão aceitar in reliance ou assumir on this qualquer responsabilidade ou dever de cuidar de eventuais perdas decorrentes de medidas tomadas ou não information or for any decision based on it. 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