Excise

Mozambique Revenue Authority Launches Excise Stamps

On 17 March 2017, the Mozambique Revenue Authority (MRA) introduced a requirement for excise stamps on alcohol beverages and tobacco products pursuant to laws and regulations adopted to establish procedures for sealing alcohol beverages and tobacco manufactured products subject to excise duties. The revised law and regulations mandate the process of sealing beverages and manufactured tobacco for every producer, importer, supplier, and user, including enforcement agents.

The Basis for the Harmonization of VAT and Excise Taxes in SADC

The Southern African Development Community (SADC) aims to become a Free Trade Area, Customs Union, Common Market, and Monetary Union through the introduction of the single currency, with support for regional integration by Member States utilizing the basic elements of fiscal policy coordination and harmonization. VAT coordination among Member States will ensure uniform treatment in the taxation of Member States' goods and services; limit the occurrence of tax fraud; and control imports/exports and management of information on cross-border transactions.

The Memorandum of Understanding on Cooperation in Taxation and Related Matters and the Protocol on Finance and Investment are two instruments that will help support the coordination of fiscal policies in the SADC. However, for easy implementation, bilateral agreements between Member States are recommended.