8 November 2018

Zimbabwe: 2 Cents Tax Paying Dividends, President

Photo: The Herald
President Emmerson Mnangagwa.

The 2 cents intermediary money transfer tax introduced by Government recently is helping Government to narrow its budget deficit significantly, President Mnangagwa has said.

Responding to questions from delegates who attended the 3rd annual Public Sector Audit Conference in Harare today, the President said the tax was there to stay as it was critical in transforming the economy.

Delegates had argued that the tax was a stumbling block to the ease of doing business. President Mnangagwa responded: "I don't think it's a hindrance. It has helped us a lot now to narrow the deficit gap in our economy."

More to follow...

Zimbabwe

I Am Already Under Arrest - Ready for Any Eventualities - Chamisa

DEFIANT MDC leader Nelson Chamisa has said he is not fazed by arrest threats made by security service chiefs saying he… Read more »

See What Everyone is Watching

Copyright © 2018 The Herald. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.