More than 415.6 thousand agents of Electronic Money Institutions (EMIs) in Mozambique will be required to pay a 10% tax on commissions resulting from transactions carried out through digital wallets, according to a recently approved legislative amendment.
The measure is set out in Law No. 12/2025 of 29 December, which, following a proposal by the Government, amends the Corporate Income Tax Code (IRPC), introducing a 10% tax on “commissions earned” by electronic money agents.
The law also extends taxation to “income obtained from the transfer of goods or the provision of digital services,” including activities carried out on electronic platforms that had so far not been subject to taxation. Although the legislation has already been published in the Official Gazette, it establishes that the Government must regulate the application of the measure “within 180 days,” defining the practical mechanisms for collection.
As previously explained by the Government spokesperson, Inocêncio Impissa, “traditional banking is declining and giving way to mobile wallets, and many transactions occur that are not taxed and are not known.” He added that the Executive has identified the existence of many individuals and legal entities operating in these sectors without paying taxes, arguing that everyone must contribute to the growth of the country’s economy.
“There is indeed control over electronic transactions; however, it was not possible to tax these operations because the legal framework did not yet allow collection on certain platforms,” he explained, adding that the new rules will make it possible to tax a circuit that was previously not covered.
Data from the Bank of Mozambique indicate that, in the third quarter of 2025, there were more than 415.6 thousand electronic money agents and that 123.8% of the adult population held an EMI account, while only 33.2% had a bank account, reflecting the growing weight of digital wallets in the national financial system.
Source: Lusa
