Accounting

Accounting

Our principal service offering backed by 30 years experience in the country and having supported over 200 companies.

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Tax

Tax

Maximize your tax management opportunities with one-on-one consulting solutions.

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Corporate

Corporate

A collection of services designed to help you fast track business operations and better manage any investments, loans and funds repatriation.

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HR

HR

Convenient end-to-end outsourced workforce management products which are perfectly scalable to your needs.

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What we do

Our accounting service is a monthly product to prepare and examine financial records. Our accountants ensure that records are maintained according to Mozambican law and that taxes are paid properly and on time.

The work performed by our accountants provides insight on the financial operations of a business to identify weaknesses, persue opportunities for improvement and grow your business sustainably.

Our typical service includes:

  • Assigning our registered accountant to do your work
  • Processing accounts using a licensed software
  • Preparing annual financial statements
  • Providing trial balance and management accounts each month
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How we work

Accounting activities are cyclical in nature. For this reason our process relies on receiving and acting on large amounts of information from our clients.

Once a a client engages with us, we provide a list of documents that should be supplied to us each month

Group A
Cash Book

Details of cash received
Supporting vouchers
Opening and closing balance

Group B
Transactions

Details of deposits
Payments and cheques issued
Bank statements for the month

Group C
Sales Invoices

Copies of invoices and cash slips
Credit notes and cancelled invoices

Group D
Import Documents

Import documents
Supplier invoices
Invoices for credit purchases

Group E
Payroll

Copies of payroll and payslips signed by employees

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Start working with us

The best way to engage with us about your project, plan or new business is to tell us a bit more about it.

Send us your details using the form and we will aim to respond to your inquiry as soon as possible.

In your message, you may include information about the industry in which your business operates, the number of employees and any special requirements for tax purposes.

Any information you send us is treated confidentially.

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Tax environment

The tax system in Mozambique has been the subject of many Government and donor funded reform projects over the last few years.

It is generally agreed that these reforms have made the country more competitive within the SADC region but weaknesses persist and are observed by economists taking a long-term view.

Our firm closely watches and follows changes in the tax system making us suitably positioned to provide tax management solutions.

The tax base is considered to be quite narrow with the bulk of the taxes being paid by the formal private sector.

Small and medium-sized businesses continue to find difficulty in navigating the system which is complex and poorly supported by public information and tax payer services.

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Calendar

This calendar establishes some important dates and cycles within the Mozambican fiscal environment with obligations that are both monthly and annual.

Monthly

10th
day

Submission of social security contributions

20th
day

Submission of tax withheld tax on IRPC and IRPS during the prior month IRPC M/39, IRPS M/19

Last business day

Submissions of monthly VAT return (Modelo A) declaring the sales undertaken in the previous month and the VAT received during the same period

Submission of the declaration of goods produced in the country, together with submission of the tax assessed

Annual

January
by 20th

Submission of an income declaration

March

Delivery of an annual declaration of tax withheld from non-resident taxable persons

April

Deadline to submit the annual M10 declaration from January up to April

May

Payment of the first instalment of advance income tax M/39

June

Deadline for payment of the amounts of IRPS in relation to income earned in the previous year for the second, third, fourth and fifth categories M/19

July

Payment of the second instalment of advanced income tax M/39

Full calendar as PDF
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Documentation

These documents provide information on issues that are relevant when doing business in Mozambique.

They have been released by the relevant Government bodies and authored in partnership with non-governmental organizations.

Tax & Accounting

USAID - Tax System in Mozambique

Overview of Tax System

VAT

Income Tax

Corporate Tax

Other Taxes

Company Setup

Company Setup Framework

Labour

Business Licensing

Tourism

Construction

Procurement

Public Works, Goods  Services

Land & Environment

Land Rights

Environmental Licensing

Politics & Current Affairs

News Reports and Clippings by Joseph Hanlon

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Corporate

This arm of our company helps businesses with all legal and finance-related functions.

For example, if you intend to setup a new business this division can help simplify the registration and licensing process leaving you with more time to think about your business.

Should you wish to repatriate funds or request for a refund on your VAT, this division can help with that too.

Services are generally grouped as legal or finance related.

Legal

  • Company formation and business licensing
  • Alteration of company statutes
  • Obtaining approvals from CPI
  • Import and export permits

Finance

  • Repatriation of funds
  • Central Bank requests
  • Capital transfers
  • Dividend transfers
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Human resources

Our human resources department provides both on-going and once-off services.

Under the labour law, a company is obligated to maintain documentation about its employees and provide these to the respective state department periodically.

Other periodic activities include submission of records for the social security system which ensures workers receive pensions after retirement.

  • Inform the authorities that you have started work
  • Obtain social security details for each worker
  • Receive a tax number for each worker

Labour laws in Mozambique are enforced quite rigorously, and any stay int the country for either work or leisure has is allowable through permits

Our HR department can facilitate the process of applying and receiving, work permits, permanent residence and business visas.

In addition, we provide monthly payroll services, offered as part of our monthly accounting service for up to twenty employees.

  • Obtain approval and prepare employee list
  • Prepare contracts for each worker
  • Prepare payroll, calculate taxes
  • Pay taxes and contributions
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Labour law

The labour laws in Mozambique reflect its past legacy as a colony and socialist state.

Since the multiparty elections in 1994 and the development of the new constituion, changes have been made to afford greater rights to workers.

The current system makes provisions for workers in guaranteeing their rights to fair wages, vacation and safe, hygienic work environments

There is also provision for the hiring of non-national workers although more work needs to be done in facilitating the process.

For example, foreign workers may be contracted on the basis of a tightly regulated quota system whose purpose is to provide opportunities to Mozambicans.

However, when no candidates are found, the process to hire foreigner has many legislative and practical pitfalls requiring the assistance of a consultant well-versed in labour law.

Mozambique is often considered a difficult country in which to establish labour relations.

Regulations are said to favour the workforce and frequent complaints highlight the non-competitivness of the Mozambican workforce

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