Last week's pronouncement by the Zimbabwe Revenue Authority (Zimra) that businesses charging in foreign currency will have their taxes levied in forex is inconsistent with the official multi-currency system policy and the position that the US dollar is trading at par with the bond note and Real-Time Gross Settlement (RTGS) balances, amid a worsening currency volatility crisis.
This is the latest in a series of contradictions which include the separation of forex accounts with bond note or RTGS accounts.
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