Mozambique's casino tax revenue rises 12.8% in first nine months of 2024

Mozambique collected 317.4 million meticais (€4.7 million) in casino taxes during the first three quarters of 2024, marking a 12.8% year-on-year increase, although falling short of the government’s revenue forecast, according to Lusa.

The latest economic and social report on the State Budget implementation reveals that 281.5 million meticais (€4.1 million) of this total came from the Special Tax on Gaming. Despite the growth, this represents only 25.7% of the projected 2024 revenue target of 1.235 billion meticais (€18.3 million).

Casino taxes accounted for just 0.1% of Mozambique’s total state revenue during the period, the report noted.

The country currently has five casino concessions, with investments totaling $36 million, according to President Filipe Nyusi. Speaking in August, he described these as “significant investments in the tourism sector,” with casino operations located in Maputo, Beira, Tete, Nampula, Matola, and Pemba.

Under Mozambican law, casino operators must have a minimum share capital of $2.7 million and commit to an investment of at least $5.5 million within five years. Concessionaires pay a Special Tax on Gaming based on gross revenues, with rates ranging from 20% to 35%, depending on the length of the concession.

Operators are also required to pay a 50% Stamp Duty on entry ticket prices but are exempt from other profit-related taxes and import duties on equipment used for casino operations.