Mozambique Wealth Tax Guide 2026

Overview — No Wealth Tax

Mozambique's tax system focuses on income (IRPS, IRPC), consumption (IVA), and property transfers (SISA) rather than the mere ownership of wealth. There is no annual tax on total net worth, no tax on financial assets, and no wealth-based surcharge on income tax. The absence of a wealth tax reflects the government's policy of encouraging investment, savings, and capital formation. The main tax that touches on wealth is the municipal property tax (IA) on urban real estate, which is relatively modest at rates of 0.2–0.5% of the property's fiscal value. For comparison, many other African countries (such as Angola, Kenya, and South Africa) also do not have annual wealth taxes, though some have net worth taxes or solidarity levies.

Property-Related Taxes

While there is no annual wealth tax, property owners in Mozambique are subject to certain taxes related to real estate:

• SISA (Property Transfer Tax) — 2–15% progressive tax payable on the acquisition of real property. This is a one-time tax on transfer, not an annual levy.
• Stamp Duty (Imposto de Selo) — 0.3–0.8% on property transfers, mortgages, and other notarial acts
• IA (Imposto Predial Autárquico) — Municipal property tax on urban real estate, 0.2–0.5% of the fiscal value (valor patrimonial) per year
• Property rental income tax — rental income is taxed under IRPS at progressive rates up to 32%

The IA (municipal property tax) is the closest Mozambique has to an annual property tax, but the rates are low and the fiscal values are typically well below market value. For a property with a fiscal value of MZN 5,000,000, the annual IA would be approximately MZN 10,000–25,000 (USD 150–375).

Financial Assets and Investments

Mozambique does not tax the mere ownership of financial assets. Specifically, there is no:

• Annual tax on shareholdings or equity investments
• Tax on bond holdings or fixed-income securities
• Tax on bank deposits or savings accounts
• Tax on mutual fund units or investment fund holdings
• Net worth tax or wealth surcharge
• Tax on cryptocurrency holdings (only on disposal gains)

Income generated from these assets (dividends, interest, capital gains) is taxable under the normal income tax rules, but the principal value is not subject to any annual levy.

Comparison with Other Jurisdictions

Mozambique's approach to wealth taxation is favourable compared to countries with annual wealth taxes:

• Spain — wealth tax 0.2–3.5% on net assets above EUR 700,000
• France — real estate wealth tax (IFI) 0.5–1.5% on property assets above EUR 1.3 million
• Switzerland — cantonal wealth tax 0.1–1% on net assets
• Norway — 1.1% wealth tax on net assets above NOK 1.7 million
• Mozambique — no annual wealth tax, no net worth tax

Mozambique's tax system is more similar to the UK, Canada, Australia, and most other African countries, which do not impose annual wealth taxes.

FAQs

Do I need to declare my worldwide assets to ATM each year?

No, Mozambique does not require annual declarations of assets or net worth for tax purposes. Tax returns require declaration of income earned, not assets held. However, large asset acquisitions (especially property) are recorded through the SISA and land registry processes.

Is there a wealth tax on high net worth individuals in Mozambique?

No, there is no wealth tax or high net worth surcharge in Mozambique. The top marginal IRPS rate of 32% applies to all income above MZN 1,344,000 per year, regardless of total wealth.

Could Mozambique introduce a wealth tax in the future?

While no wealth tax is currently proposed, tax policy evolves. Mozambique has been focused on broadening the tax base and improving compliance rather than introducing new wealth taxes. Any future introduction of a wealth tax would require legislative change and is not expected in the near term.

Disclaimer

This guide provides general information about wealth taxation in Mozambique for the 2026 tax year. Tax laws and policies 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.