US EditionDollars in the Mattress
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5 Articles
The governors Ignacio Torres and Rogelio Frigerio subscribed to the initiative promoted by the national government, whose focus will be on invoicing and not on property expenses and consumption.
Dollars in the mattress
Good afternoon. Recent fuel shortages in the city and province of Nampula (see below) draw attention once again to Mozambique’s shortage of foreign currency, in particular US dollars. As we have noted before, there is no physical shortage of fuel in the country, but a lack of dollars is making it hard for fuel traders to secure the bank guarantees they need to release fuel from the storage tanks in which it is kept after being shipped into Mozam…
Juan Valerdi, an economist and former adviser to the Central Bank, considers that the leading role of the minister Luis Toto Caputo in recent days marks an emergency of ironed dollar that, unlike the 90s, does not reach even for a summer or rebound of dead cat. The neoliberal measures with opening of imports and forced dollar to the downside of the libertarian government have reminded, many of those who comb gray hair, in those 90s when in full …
The government announced measures that reduce tax controls and encourage the use of undeclared dollars. Although they simplify procedures, they also open the door to greater informality and less control capacity by ARCA.
Since this Sunday, the simplified regime of the income tax has been put in place and the government is now concentrating on taking the next steps to advance the plan to take the dollars out of the mattress. On the one hand, it is working on the law to present to Congress and in parallel expects to receive more support this week from the provinces. The new scheme of earnings came into effect this Sunday and, from now on, taxpayers who adhere to t…
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