imageMozambique | Law No. 20/2009, of 10 September 2009

Amendment to the Corporate Income Tax Code - 2009

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Law No. 20/2009 of 10 September 2009 Facing the necessity to adopt accounting standards based on the International Financial Reporting Standard in the Mozambique legal system and to reform certain dispositions of the Corporate Income Tax Code (CITC), the Assembly of the Republic, under the provisions of paragraph 2 of article 127, combined with the provisions of subparagraph 2 (o) of article 179 of the Constitution determines: ARTICLE 1 Articles 18, 20, 21, 22, 24, 26, 28, 36 and 40 shall be amended in the CITC, approved by Law No. 34/2007, of 31 December 2007; subparagraph h) of article 68 shall be deleted and articles 36a and 41a shall be introduced with the following wording: “CHAPTER III Assessment of the Tax Base