REPATRIATION AND CONVERSION OF EXPORT EARNINGS FROM GOODS, SERVICES AND INVESTMENT INCOME ABROAD

On 21 March 2024, Notice no. 5/GBM/2024, on the repatriation and conversion of export earnings from goods, services and investment income abroad, was published.
The Notice entered into force 30 days after their publication.
This Notice establishes that the repatriation of revenue from the export of goods, services and investment income abroad must be carried out within 90 days, in foreign currency, by bank transfer, to an authorized bank in the Republic of Mozambique. In addition, the Notice also establishes that receipts from the export of goods, services and investment income abroad must be converted into national currency at 30 per cent of the amount received, at the time of receipt, at the spot exchange rate in force. The following income is not subject to the conversion referred to above:

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