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Law No. 7/2010 creating the Overvaluation Timber Tax (TSM).

Country/Territory
Mozambique
Document type
Legislation
Date
2010 (2016)
Source
FAO, FAOLEX
Original source
Boletim da República, I Serie, 3rd Supplement, No. 32.
Subject
Forestry
Keyword
Tax/levy International trade Classification/declassification Standards Timber Timber extraction/logging Forest management/forest conservation
Geographical area
Africa, Eastern Africa, Indian Ocean, Least Developed Countries
Entry into force notes
This Law enters into force on the day of its publication.
Abstract

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.

Full text
Portuguese
Website
www.legis-palop.org

References - Legislation

Implemented by

Decree No. 42/2017 approving the Regulation on the Processed Wood Export Tax and repealing Decree No. 21/2011 of 1 June.

Legislation | Mozambique | 2017

Keyword: Tax/levy, International trade, Classification/declassification, Standards, Timber, Timber extraction/logging, Forest management/forest conservation

Source: FAO, FAOLEX