MAPUTO Mozambique (Xinhua) --
Mozambican lost more than 340 million U.S.
dollars due to the smuggling of alcoholic beverages in 2017,
independent market research provider Euromonitor International
said here on Monday.
According to Carla
Camaio, representative of the Euromonitor in Mozambique, the
country ranked second in terms of financial losses caused by
alcohol smuggling, after Nigeria in Africa.
state is not being able to stop the smuggling of alcoholic
beverages. In total, it is 344 million dollars that the country
lost last year, minus 2 million dollars, compared to Nigeria,
which is the largest victim of such illicit schemes in Africa,”
said Camaio during a meeting on tax policy organized by the
Confederation of Economic Associations (CTA) of Mozambique.
Camaio said the
increase in tax evasion in Mozambique results in large part from
the rise in the Specific Consumption Tax.
To deal with the
situation, CTA Executive Director Eduardo Sengo said “we need to
implement a sustainable tax structure in order to make legal
products more accessible in the country.”
South Africa, Zambia
and Uganda are the other three countries among the top-5 with
the highest volume of losses from alcohol smuggling.
The Mozambican Tax
Authority (TA) has raised about 142.3 billion meticals (about
2.37 billion U.S. dollars) in 2018. For the authorities, the
figures are slightly above the target of 222.8 billion meticals
expected for the whole year.