Invoicing and Tax regulation in Mozambique
Invoicing Regulation in Mozambique
As a business operating in Mozambique, it is mandatory to follow the specific invoicing regulations set by the government. This includes ensuring the correct details are included on all invoice documents such as company registration number, VAT number, and correct customer information. Furthermore, invoices must be issued in the local currency, the Mozambican Metical (MZN).
Real-time Reporting / Fiscalization in Mozambique
Real-time reporting or fiscalization is a mandatory process in Mozambique. It requires businesses to provide tax authorities with immediate or near real-time access to their sales invoices data. This can be achieved using government-approved devices or software, which automatically transmit invoice information to the tax authority.
E-invoicing in Mozambique
E-invoicing is not currently a mandatory requirement in Mozambique. However, the use of digital invoicing is becoming increasingly common and is encouraged by the Mozambique Tax Authority (MTA) as it simplifies record keeping and tax reporting. Additionally, it adds an extra level of transparency to business transactions.
VAT/GST/Tax Compliance in Mozambique
Mozambique has a standard VAT rate of 17%. Businesses, whether B2B, B2C, or B2G, are required to charge this VAT on their goods and services, and remit the collected tax to the MTA on a monthly basis. In terms of tax compliance, it is mandatory to comply with these stipulations as well as any other applicable tax laws such as corporate income tax and import duties.