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Lusa - Business News - Mozambique: Fuel will be marked to avoid tax evasion




Maputo, Nov.13(Lusa)-Fuels in Mozambique will be marked at import terminals from 2018 onwards to avoid tax evasion, the government announced on Monday.
"There is a segment of fuel that is supposed to go to the regional market," of Southern Africa, in transit to other countries, and reduced rates are applied to it in Mozambique, "but this fuel is channelled back into the domestic market and is sold illegally," explained Moisés Paulino, director for the area of Hydrocarbons and Fuels of the Mozambican Ministry of Mineral Resources and Energy.
The new measures will be implemented at the beginning of 2018, said the official, quoted by state newspaper Notícias.
The fuels will be inspected under a contract signed by the Mozambican government and Swiss company SICPA, which specialises in traceability and product control, and which will mark the fuels circulating in Mozambique.
According to Paulino, the measure will also prevent adulteration of fuel, which the authorities have found to be a regular occurrence in Mozambique.
Mozambique spends about US$600 million (€515.2 million) per year on fuel imports according to the Ministry of Mineral Resources and Energy.

EYAC/CA // CA
Lusa


Agency : LUSA

Date : 2017-11-14 09:04:34







 

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