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Cabo Delgado Province Exceeds Tax Revenue Target

Cabo Delgado Province Exceeds Tax Revenue Target

The northern province of Cabo Delgado has exceeded its tax revenue target for the first half of the year by 100 million meticais, despite the war ravaging part of the territory, announced the Tax Authority (AT).

The AT delegate in Cabo Delgado province, Helmano Nhatitima, told STV on Friday that revenue collection reached 2.3 billion meticais, from January to June this year.

For that period, the tax authorities had projected maximum revenues of 2.2 billion meticais, Nhatitima added.

The business of extracting rubies and other precious stones accounted for most of the revenues that Cabo Delgado collected in the first six months, Nhatitima said.

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Helmano Nhatitima said that the revenues recorded in the first six months did not include the areas affected by armed violence, as tax activity was totally paralysed in those areas to the north of Cabo Delgado.

Armed groups have been terrorising Cabo Delgado province since 2017, with some attacks claimed by the extremist group Islamic State.

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