Contabilidade e regras contábeis em Moçambique

Accounting Rules

Tax Year

The tax year is the calendar year. A different tax period can be allowed only when a company is more than 50% owned by an entity that has adopted a different tax period.

Accounting Standards

IFRS standards must be adopted by all listed companies, public companies, companies with a majority state shareholding, banks and other medium and large companies.

Accounting Regulation Bodies

Mozambique Tax Authority

Accounting Reports

The annual accounting report has to include a balance sheet, a profit and loss account and a cash flow statement.

Publication Requirements

All legal entities must file annual returns by the 31st May following the end of the tax year.

Professional Accountancy Bodies

The Mozambique Association of Accountants and Auditors (OCAM)

Certification and Auditing

All public companies are required by law to be audited. Regarding private companies, a statutory auditing is mandatory for PLCs and branch offices, while it is not for LLCs and representative offices.

Accounting News