Upload
elmer-williams
View
230
Download
2
Tags:
Embed Size (px)
Citation preview
1
REPUBLIC OF MOZAMBIQUEMINISTRY OF FINANCE
MOZAMBIQUE REVENUE AUTHORITY
SIMPLIFIED TAX FOR SMALL
TAXPAYERS (ISPC)
Maputo, March 2011
SIMPLIFIED TAX FOR SMALL TAXPAYERS (ISPC)
TABLE OF CONTENTS1. Contextualization2. Definition 3. Objectives 4. Legal framework5. Taxpayers6. Applied fees7. Exemptions8. Periodicity and place of Payment 9. Modules10.Dissemination 11.Fiscal Records12.Graphic of Fiscal records13. Perspectives for 2011
2
1. Contextualization ISPC suggests the context of enlarging the revenue basis;
Acquired experience in applying VAT, IRPS and IRPC, didacted the need of creating a simplified tax in terms of fulfilling the fiscal obligations for small taxpayers.
The need to estimulate micro and small enterprises to fulfill their fiscal obligations and atract the operators of informal sector to pay taxes;
3
2. Definition It is a direct tax that is applied to individuals
ou colective entities that carry agricultural, industrial or commercial activity of small scale, including rendering of services;
It is a simple and easy tax created for small business;
4
3.Objectives
Reduce the costs of paying taxes for small taxpayers;
Reduce the costs of control of small taxpayers by the revenue administration;
Promote the changing of taxpayers that work in informal sector;
5
3.Objectives
Reduce the revenue load for the small taxepayers;
Reduce fiscal invasion;
Increase the income;
6
4. Legal framework Law nr. 5/2009, of 12 January, creates the
simplified tax for small taxpayers, designated as ISPC, published in the national gazete nr. 1, 1ª Série, 3rd Appendix;
Decree nr. 14/2009, of 14 April, aproved the regulation of simplified tax for small taxepayers, published in the National Gazzete nr. 14, 1ª série, 4th Appendix;
7
4. Legal framework
Despach of 29 of April of 2009, of His Excelency the Ministre of Finance, that aproves the modules of ISPC.
8
5. Taxpayers
Singular or legal entities:
Who carry out small activities which the volume of annual business is equal or inferior to 2,500,000.00Mt, namely:
9
10
Agricultural, industrial, commercial activities, agricultural commercialization, wholesales and retailers and rural commerce, includind stoles, quiosques, shops, as well as terciary industry and rendering of services;
They are also subject to ISPC the importers and exporters and services rendering.
5. Taxepayers
6. Taxes (Art. 8 of Law nr. 5/2009, of 12 January)
The annual fee of ISPC is of Mt 75,000.00;
Alternatively, a fee of 3% on the turnover of the year;
For the purposes of the tax of 3%, the tax base is the turnover in each calendar quarter;
Taxpayers who begin business and opt for the first time by the ISPC, the reduced tax rate of 50% in the first year of the engagement;
11
7. Exemption(article nr. 7 of Law 5/2009 , of 12 January)(article nr. 7 of Law 5/2009 , of 12 January)
They are exempted from payment of ISPC, taxpayers with an annual turnover of up to 36 minimum wages higher on December 31 of the previous year to which business they refer.
For the first year of implementation (2009), considered the minimum salary of Mt 2,139.50 which corresponds with the Mt 77,022.00.
12
7. Exemption(article nº 7 of Law 5/2009 , of 12 January)(article nº 7 of Law 5/2009 , of 12 January)
For the year 2010, the basis minimum salary became 2,758.00 Mt corresponding to Mt 99,288.00 Mt
For the year 2011, the minimum wage became 3,500.00 Mt corresponding to 126.000.00 Mt
13
8.Periodicity and place of payment ISPC has to be paid in the months of:
April;July;October;January.
It is paid in the Directorates of Fiscal Areas and collecting stations.
14
9. Models of ISPC(Articleo nº 2 do Decree 14/2009, of 14 April)
Declaration of initiating activities/alterations - M/01-ISPC;
Payment Guide - M/30;Statement of purchases and sales to exempt
taxpayers - M/31;Declaration of cessation of activity - M/04;A register of operations;Book VD's – ISPC;
P.S. All the documents are distributed free of charge
15
10. Dissemination of ISPC
For the publicity of the ISPC Revenue Authority have developed the following activities:
Lectures in local settlements, such as markets, fairs, etc;
16
17
Preparation of brochures, advertisements and music;
Conducting training for officials and State agents;
10. Dissemination of ISPC
10. Dissemination of ISPC Other taken actions:
Signing of MoU with three informal sector associations (MUKHERO, AMIM & ASSOTSI);
Preparation of an indicative scale of the amount of tax payable;
Translation of the legislation for six national languages in order to make it more accessible (Ronga and Shangana - South Sena and Ndau - Center and Macua and Nyanja - North).
18
11. Fiscal Registration
19
YEAR Total registra
ted
Imigrated to ISPC
Nr.of taxpayers That paid
ISPC
RevenueCollected in 10^3
2009 9.040 486 - 2.104,81
2010 33.130 425 21.787 23.629,97
2011 9.131 - - 9.461,03
TOTAL 51.301 911 21.787 35.195,81
11.Fiscal Registration
20
AnoTaxas aplicadas
75.000
3% Isenção Total
2009 62 8.063 375 9.040
2010 13 32.518
599 33.130
2011 0 9.131 0 9.131
Total 75 50.076
974 51.301
AnoTaxas aplicadas
75.000
3% Isenção Total
2009 62 8.063 375 9.040
2010 13 32.518
599 33.130
2011 0 9.131 0 9.131
Total 75 50.076
974 51.301
YearApplied Taxes
75.000
3% Exemption
Total
2009 62 8.063 375 9.040
2010 13 32.518
599 33.130
2011 0 9.131 0 9.131
Total 75 50.076
974 51.301
12. Fiscal Registration Graphic
21
13. Perspectives for 2011
Ongoing registration tax for small traders in places where the talks were held within the spread of ISPC,
For this year, is expected to register 50,000 new taxpayers in ISPC.,
22
13. Perspectives for 2011
Also during the year, AT will continue the dessemination, sensitization and registration of taxpayers in ISPC in locations across the country with the greatest emphasis on:
1. Improvement of subscription and records of
taxpayers;
23
24
1. Massification of Fiscal Education;
2. Disclosure of ISPC through community
radios;
3. Criation of nucleous of ISPC
implementation at district lavel.
13. Perspectives for 2011
12. Some pictures of Tax Registration
25Zimpeto Market
12. Some pictures of Tax Registration
26Fajardo Informal Market
12. Some pictures of Tax Registration
27Fajardo Informal Market
12. Some pictures of Tax Registration
28Zimpeto Market
2. Signing the memorandum of understanding
29
President of AT in the act of signining the MoU with informal sector
SAMORA IS ALIVE IN EACH OF US IN THE
FIGHT AGAINST POVERTY
30