Mozambique's Council of Ministers reportedly approved a package of tax measures on 8 November 2022 that includes:
- A reduction in the corporate tax rate from 32% to 10% for agriculture, aquaculture, and urban transport sectors;
- A reduction in the withholding tax rate from 20% to 10% on payments for services provided by non-residents to national agriculture companies;
- The removal of the 20% withholding tax on interest from external finance for agricultural projects until 31 December 2025;
- A r…