is to organize, develop, implement and monitor the implementation of EITI in Mozambique, with the aim of observing the guiding principles of the initiative; In May 2009, Mozambique was formally accepted as a candidate country to the Extractive Industries Transparency Initiative (EITI); In 2010, the EITI National Secretariat was established; In 2011, a validation report was produced and submitted to the EITI International Secretariat in Oslo, Norway A national work plan for the period 2011 – 2013 was approved and the production of the second report and dissemination commenced; In March 2012, the second country reconciliation report was concluded that would be evaluated by the EITI Secretariat. This report is an important tool for full membership of Mozambique to the EITI; On 26 October 2012 the International Council of the EITI stated that Mozambique complying with EITI, becoming the 16th country to join the club of compliant countries after Zambia, which must be revalidated within five years, i.e., in October 2017. 132. Regarding the recommendation of the APR Panel on the need to review the tax and regulatory regime for the mega-projects, some legislative actions were carried out, namely: The Fiscal Benefits Code was revised with the approval of Law No. 4/2009, of 12 January which creates specific tax regimes for small entrepreneurial initiatives and substantially reduces the incentives to megaprojects; In addition to this Code, the Tax Authority is preparing a proposal for a revision of the tax system of the industry in order to create a specific tax regime for the mining industry (Oil and Mining) in relation to IRPC and surface tax; Approval of Law no. 15/2011, of 10 August, which establishes the guidelines of the procurement process, implementation and monitoring of public-private partnerships, largescale projects and business concessions, to facilitate national businesses’ involvement in working with megaprojects. 133. The above items are important foundations for exploring the potential of mega-projects. However, the main constraint remains the difficult issue of renegotiation of contracts with mega-projects, as well as publishing contracts such that the operating conditions are known and predictable, as acknowledged by Sachs (2011), (in: CIP 2011 - EITI implementation, natural resources management and urgency of renegotiating and publishing the contracts with mega-projects: the case of Mozambique) and Castel-Branco (2011), which are also in line with the vision of Hodges and Tibana (2005) among others. It should be noted that the Government is reviewing on a case by case basis the possibility of renegotiating the tax regime and incentives for major projects, according to Article 37 of the Law of Public Private Partnerships (PPP) No 15/2011 of 10 August; 54