“The state collected 213,500.2 million meticais in tax revenues, with 15,944.18 million, corresponding to 07 percent, referring to revenues from the extractive industry,” said consultant Ismael Faquir, representing EITI.
Faquir said that the contribution of the extractive industry to the Gross Domestic Product (GDP) was 6.9 percent in 2020, compared to 7.9 in 2019.
According to the source, quoted by AIM, in the survey conducted for the EITI “33 companies were selected for the process of reconciling the tax payments made by them, of which 22 are from the mining sector and 11 from the hydrocarbon sector.”
With regard to compliance with the law in paying taxes, the research points out that 92 percent of tax revenues from the extractive industry were reconciled.
