{"id":5321,"date":"2021-02-21T08:00:07","date_gmt":"2021-02-21T06:00:07","guid":{"rendered":"https:\/\/cipmoz.org\/?p=5321"},"modified":"2021-02-21T08:57:44","modified_gmt":"2021-02-21T06:57:44","slug":"cost-of-fiscal-benefits-exceeded-the-tax-contribution-of-megaprojects-by-72-billion-meticais-between-2010-and-2019","status":"publish","type":"post","link":"https:\/\/www.cipmoz.org\/en\/2021\/02\/21\/cost-of-fiscal-benefits-exceeded-the-tax-contribution-of-megaprojects-by-72-billion-meticais-between-2010-and-2019\/","title":{"rendered":"Cost of Fiscal Benefits Exceeded the Tax Contribution of Megaprojects by 72 billion meticais between 2010 and 2019"},"content":{"rendered":"<p style=\"text-align: justify;\">In 2019, the Government, through the State Budget (SB) has expressed its intention to review the Specific Regimes of Taxation and Tax Benefits for Petroleum Operations and Mining Activities as a way to consolidate the reforms now underway and boost the capture of tax revenues. Although, two years later the same fiscal benefits regime of 2017, Laws 14 and 15\/2017 of December 28, remains in force, in a context in which tax benefits reached 24.9 billion meticais in 2019, which corresponded to about 3% of GDP in the same year and a growth in 34.6% compared to the previous year.<\/p>\n<p style=\"text-align: justify;\">In the period from 2010 to 2019, fiscal benefits cost the country 172.6 billion meticais. This value corresponds to 11.4% of all revenue collected in that period. In this period, the fiscal contribution of mega-projects was 100.3 billion meticais, which allows us to conclude that the cost of fiscal benefits in this period was 72.3 billion meticais.<\/p>\n<p style=\"text-align: justify;\">In this context, CIP urgently recommends the review of the Specific Regimes of Taxation and Fiscal Benefits of Petroleum Operations and Mining Activity.<\/p>\n<p><a href=\"https:\/\/cipmoz.org\/wp-content\/uploads\/2021\/02\/Cost-of-Fiscal-Benefits.pdf\" target=\"_blank\" rel=\"noopener\">Read the full text<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>In 2019, the Government, through the State Budget (SB) has expressed its intention to review the Specific Regimes of Taxation and Tax Benefits for Petroleum Operations and Mining Activities as a way to consolidate the reforms now underway and boost the capture of tax revenues. Although, two years later\u00b8 the same fiscal benefits regime of<\/p>","protected":false},"author":18,"featured_media":14117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_rtcl_gb_attr":"","footnotes":""},"categories":[19],"tags":[],"coauthors":[66],"class_list":["post-5321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industria-extractiva"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cost of Fiscal Benefits Exceeded the Tax Contribution of Megaprojects by 72 billion meticais between 2010 and 2019 - CIP - Centro de Integridade P\u00fablica<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cipmoz.org\/en\/2021\/02\/21\/cost-of-fiscal-benefits-exceeded-the-tax-contribution-of-megaprojects-by-72-billion-meticais-between-2010-and-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cost of Fiscal Benefits Exceeded the Tax Contribution of Megaprojects by 72 billion meticais between 2010 and 2019 - CIP - Centro de Integridade P\u00fablica\" \/>\n<meta property=\"og:description\" content=\"In 2019, the Government, through the State Budget (SB) has expressed its intention to review the Specific Regimes of Taxation and Tax Benefits for Petroleum Operations and Mining Activities as a way to consolidate the reforms now underway and boost the capture of tax revenues. 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