{"id":2463,"date":"2014-05-22T23:17:29","date_gmt":"2014-05-22T21:17:29","guid":{"rendered":"http:\/\/localhost\/?p=2463"},"modified":"2019-05-21T12:56:52","modified_gmt":"2019-05-21T10:56:52","slug":"taxing-capital-gains-in-mozambiques-extractive-sector","status":"publish","type":"post","link":"https:\/\/www.cipmoz.org\/pt\/2014\/05\/22\/taxing-capital-gains-in-mozambiques-extractive-sector\/","title":{"rendered":"Taxing \u201cCapital Gains\u201d in Mozambique\u2019s Extractive Sector"},"content":{"rendered":"<div class=\"page\" title=\"Page 1\">\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p style=\"text-align: justify;\">The largest tax payments in Mozambique\u2019s history have been assessed amidst extraordinary uncertainty. Prior to 2012, transactions worth tens of millions of dollars were not taxed. This changed after the sale of Riversdale to Rio Tinto. But application since that time has also been inconsistent. Revenues from capital gains taxes exceed $1 billion, but these are \u201cone-off \u201d payments that companies will claim back when production begins. The revenues seem large now, but are small in comparison the possible benefits from renegotiating core terms (such as royalties) in the very generous Rovuma contracts.<\/p>\n<p><a href=\"https:\/\/cipmoz.org\/wp-content\/uploads\/2018\/08\/307_Spinformacao_2014_04_en.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Read the full text<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The largest tax payments in Mozambique\u2019s history have been assessed amidst extraordinary uncertainty. Prior to 2012, transactions worth tens of millions of dollars were not taxed. This changed after the sale of Riversdale to Rio Tinto. But application since that time has also been inconsistent. Revenues from capital gains taxes exceed $1 billion, but these<\/p>\n","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-2463","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>Taxing \u201cCapital Gains\u201d in Mozambique\u2019s Extractive Sector - 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\/pt\/2014\/05\/22\/taxing-capital-gains-in-mozambiques-extractive-sector\/\" \/>\n<meta property=\"og:locale\" content=\"pt_PT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Taxing \u201cCapital Gains\u201d in Mozambique\u2019s Extractive Sector - CIP - Centro de Integridade P\u00fablica\" \/>\n<meta property=\"og:description\" content=\"The largest tax payments in Mozambique\u2019s history have been assessed amidst extraordinary uncertainty. 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