Do you know the latest income tax rate in Mozambique? International ex-patt or foreigner in Mozambique must be aware of the tax bracket and income tax rates for each year. This is to help keep track of the changes in tax rate from year to year so that you can keep your spending in check.
The personal, corporate, outstanding, and sales income tax rates in Mozambique could be affected by the inflation rate in the economic system in Mozambique. These tax bracket changes are measured by the consumer price index which also changes yearly. The Mozambique tax brackets for 2022 have been recently updated.
You may also be asking: Do expats pay income tax in Mozambique? Is Mozambique tax free? What is Mozambique withholding tax? What is the tax rate on salary?
In this article, you will get to know the newly updated Mozambique tax brackets and income tax rates for 2022, how the tax rate in Mozambique works, Mozambique’s VAT rate, as well as other Frequently asked questions on 2022 personal income tax.
Latest Income Tax Rate in Mozambique 2022
Wondering if taxes are high in Mozambique! No, at all. Mozambique has one of the considerate tax rates in the world. With a very robust economy, it’s the government doesn’t need to place many taxes on the people.
- Personal Income Tax Rate 32.0%
- Corporate Tax Rate 32.0%
- Sales Tax Rate 17.0%
Corporate Tax rats in Mozambique 2022.
However, it is wise to know the corporate tax rate is progressive in Mozambique and is presently at 32%.
Do expats pay income tax in Mozambique?
Expatriates working in Mozambique will pay income tax on their earnings. Mozambique has a progressive income tax system, which means that the amount of income tax you pay will be calculated depending on your earnings in the given tax year; these rates start at 10% and are capped at 32%
Mozambique has a very friendly income tax rate both for individuals, international expats, and corporate organizations. Need more information about taxes and their rates in Mozambique? Then bookmark this page for more.