Mozambique Corporate Tax Guide 2026

Overview — Corporate Tax in Mozambique

Corporate tax in Mozambique is governed by the Código do Imposto sobre o Rendimento de Pessoas Colectivas and administered by the Autoridade Tributária de Moçambique (ATM). A company is tax resident if it is incorporated under Mozambican law or if its place of effective management is in Mozambique. Resident companies are taxed on worldwide income; non-resident companies with a permanent establishment are taxed on Mozambique-source income only. Companies must register for tax with ATM and obtain a Taxpayer Identification Number (NUIT — Número Único de Identificação Tributária). The tax year aligns with the calendar year. Annual returns are due by 31 May of the following year.

Standard Corporate Tax Rate — 32%

The standard IRPC rate for resident companies is 32% of chargeable profits. Non-resident companies with a permanent establishment in Mozambique are also taxed at 32% on Mozambique-source income. Taxable profit is computed as gross revenue less allowable deductions including operating expenses, depreciation, interest costs (subject to thin capitalisation rules), and losses carried forward. Losses may be carried forward for up to 5 years. Capital gains are generally included in ordinary taxable income.

New Companies — 10% (First 5 Years)

Newly incorporated companies benefit from a reduced IRPC rate of 10% for the first 5 years of operation. This incentive is designed to promote entrepreneurship and business creation. To qualify, the company must be newly formed and not result from a reorganisation or split of an existing business. The reduced rate applies to the first 5 tax years starting from the commencement of business activity. The 10% rate is automatic for qualifying new companies — no special application is needed beyond normal tax registration.

Agriculture — 0%

Companies engaged exclusively in agricultural activities benefit from a 0% IRPC rate. This incentive covers crop production, livestock, forestry, and fishing. The exemption is designed to promote food security and rural development. Agricultural companies must meet specific criteria including deriving at least 75% of gross income from qualifying agricultural activities. VAT incentives also apply to agricultural inputs, which benefit from the reduced 5% IVA rate.

Oil & Gas — 35%

Companies in the oil and gas sector are subject to a higher IRPC rate of 35%. This applies to exploration, development, and production activities in the hydrocarbon sector. The higher rate reflects the significant profitability and the fiscal regime designed for natural resource extraction. In addition to the 35% IRPC, oil and gas companies may be subject to production-sharing agreements and additional petroleum-specific taxes. Mozambique has significant natural gas reserves, particularly in the Rovuma Basin, and the sector is governed by the Petroleum Law and specific production-sharing contracts.

Capital Allowances & Incentives

Mozambique allows depreciation deductions based on the useful life of assets. Standard depreciation rates include: buildings 2–10%, plant and machinery 10–25%, vehicles 25%, and computers 33.33%. Investment incentives are available for priority sectors including manufacturing, agro-industry, tourism, and infrastructure. The Investment Law (Lei de Investimento) provides tax incentives including reduced IRPC rates, customs duty exemptions, and VAT deferrals for qualifying investments meeting minimum thresholds. Incentive applications are submitted to the Agência para a Promoção de Investimento e Exportações (APIEX).

FAQs

What is the NUIT and how do I obtain it?

NUIT (Número Único de Identificação Tributária) is the Mozambican tax identification number. It is obtained by registering with ATM online or at any ATM office. Required documents include the Certificate of Incorporation and proof of registered address.

Can foreign companies claim treaty relief?

Yes, Mozambique has double tax treaties with Portugal, South Africa, Italy, Mauritius, the UAE, and others. Treaty relief may reduce withholding tax rates on dividends, interest, and royalties paid to non-residents. Treaty benefits must be claimed by submitting a Certificate of Tax Residency.

Is there a minimum tax for loss-making companies?

Mozambique does not have a turnover-based minimum tax. Loss-making companies may carry forward losses for up to 5 years against future profits. However, consistent losses may trigger an ATM audit.

Disclaimer

This guide provides general information about Mozambican corporate tax for the 2026 tax year. Tax laws and rates may change. Always consult with a qualified Mozambican tax advisor or the Autoridade Tributária de Moçambique for advice specific to your situation. InvestmentKit does not provide tax advice.