This Law creates the Overvaluation Timber Tax (TSM). The TSM is levied on the export of raw and processed wood, depending on the complexity of its processing, based on the respective FOB export price. The rates to be applied are those set out in the table attached to the Law. Payment of the Overvaluation Timber Tax is made at the time of customs clearance. The revenue resulting from the collection of the Overvaluation Timber Tax is earmarked for reforestation actions, inspection of the exploitation of forest resources, combating uncontrolled fires and the State Budget, as well as the efficient use of human and material resources, under the terms to regulate, recognizing and valuing the role of producing areas.
Mozambique · 2010-08-13