With this brief analysis we wish to analyse the implications of force majeure events in the petroleum sector during the COVID-19 pandemic.
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By Presidential Decree no. 11/2020, of 30 March, the President of the Republic of Mozambique decreed the State of Emergency, on grounds of public calamity, throughout the country, with a duration of 30 days, effective as from 0.00 a.m. on 01 April 2020 and ending at 24.00 a.m. on 30 April 2020.
Since the COVID-19 pandemic is already a reality in Mozambique, with the confirmation of the 8th coronavirus case in Mozambique on Sunday, 29 March 2020, it is becoming increasingly urgent to make decisions about how employment relations should be structured and regulated.
...which introduces amendments to the Excise Duty Code (“CICE”), approved by Law No. 19/2022 of December 29.
It introduces amendments to the Personal Income Tax Code, approved by Law No. 33/2007 of 31 December and subsequently amended and republished by Law No. 19/2017 of 28 December (IRPS Code).
We hereby inform the business community and other interested parties that Law No. 9/2025 of 29 December, which amends and republishes Law No. 5/2009 of 12 January that creates the Simplified Tax for Small Taxpayers (ISPC), has been approved.
The Notice is applicable to credit institutions subject to the supervision of the Bank of Mozambique and to individuals and legal entities holding bank cards issued in Mozambique, whether foreign exchange residents or non-residents.
However, possible because the CCom uses the term “transformation into a single-member company” instead of “conversion”, CREL has begun requiring companies that become single-member to undergo a full corporate transformation process – a requirement that is not only illegitimate but also burdensome for investors.