Mozambique | 2020.01.17
New Rules for Operating Bank Accounts Denominated in Foreign Currency
The Bank of Mozambique has approved, by way of Notice No. 11/GBM/2019 (published in the Official Gazette on 15 January 2020), new rules for opening and operating bank accounts denominated in foreign currency. This Notice revokes and supersedes all regulations that governed this topic hitherto, in particular Notices 4/GBM/2018 and 8/GBM/2018, and Articles 105 and 106 of Notice No. 20/GBM/2017. The new regime can be summarized as follows:
Mozambique | 2019.02.18
NEW LEGAL REGIME FOR SECURITY INTERESTS OVER MOVABLE ASSETS
Law No. 19/2018, of 28 December 2018, which approved the Legal Regime on the Creation of Security Interests over Moveable Assets and creates the Security Interests Registration Central, has just come into force.
Mozambique | 2018.01.16
NEW EXCHANGE CONTROL RULES PUBLISHED
The new foreign exchange rules and procedures approved by the Bank of Mozambique (“BoM”) have just been published in the Official Gazette as Notice No. 20/GBM/2017, of 27 December 2017 (“New FX Rules”).
Mozambique | 2017.12.18
NEW TRANSFER PRICING RULES
The Council of Ministers approved, by means of Decree No. 70/2017, of 6 December 2017, the Transfer Pricing Regulations. This Decree will enter into force on January 1, 2018.
Mozambique | 2017.05.15
AMENDMENTS TO VAT REGULATIONS
Amendments to VAT Regulations have recently entered into force, enacted by Decree No. 8/2017, of 30 March 2017. The amendments were approved following changes made to the VAT Code earlier this year by Law No. 13/2016, of 30 December 2016, and are essentially aimed at adapting VAT Regulations to those changes. In addition to said changes, we would like to highlight the following:
Mozambique | 2017.03.29
NEW CUSTOMS TARIFF SCHEDULE ENACTED
Law No. 11/2016, of 30 December 2016, which approves a new Customs Tariff Schedule and related Preliminary Instructions, was published in the Official Gazette.
Mozambique | 2017.02.02
AMENDMENTS TO THE VAT CODE OF MOZAMBIQUE
Law No. 13/2016, of 30 December 2016, was recently enacted, introducing amendments to the VAT Code (Law No. 32/2007, of 30 December 2007).
Mozambique | 2016.11.03
CREATION OF THE INVESTMENT AND TRADE AGENCY
The Mozambican Government has just announced the creation of the Investment and Trade Agency, to be supervised by the Ministry of Industry and Commerce.
Mozambique | 2016.10.03
MORE RESTRICTIVE ADVERTISING CODE ENTERS INTO FORCE THIS NOVEMBER
A new Advertising Code was approved by Decree No. 37/2016, of 31 August 2016.
Mozambique | 2016.09.28
ENTRY INTO FORCE OF NEW REGULATIONS ON PRIVATE EMPLOYMENT AGENCIES
On 30 September 2016 the new Regulations on Private Employment Agencies (the “Private Employment Agencies Regulations”), approved by the Council of Ministers through Decree No. 36/2016, of 31 August 2016, will come into force.