The Zimbabwe government has changed the tax on all electronic transactions from 5 cents per transaction (no matter how large) to 2 cents per dollar. Finance and Economic Development Minister Mthuli Ncube says the new tax will help expand the revenue collection base - but analysts say it is tantamount to a tax increase given the shortage of cash in the country. And the opposition MDC says it is "daylight robbery".
Finance Minister is Robbing Poor to Fund the Elite - Opposition
New Zimbabwe, 3 October 2018
Zanu PF sharpened the robber state (through a) shameless announcement of raft meant to pick-pocket the poor in a bid to fund the lifestyles of the political elites." Read more »
Finance and Economic Development Minister Professor Mthuli Ncube
Tax on Electronic Transactions Targets Informal Sector - Analysts
The Herald, 3 October 2018
Government has reviewed tax for all electronic transactions from 5 cents per transaction to 2 cents per dollar with both monetary and fiscal authorities commending the new system,… Read more »
Economy to Grow 6,3% - Minister
The Herald, 2 October 2018
Finance and Economic Development Minister Professor Mthuli Ncube yesterday said the economy will grow by 6,3 percent this year as signs of recovery continue to show, albeit at a… Read more »
Govt Fast-Tracks Clearance of External Debt Arrears
GOVERNMENT is pressing ahead with the process of re-engaging international partners and creditors as it seeks to clear its arrears on the external debt, Finance and Economic… Read more »
Govt Re-Introduces Foreign Currency Accounts
New Zimbabwe, 2 October 2018
Reserve Bank of Zimbabwe governor John Mangudya was curiously silent on Bond Notes as he delivered his monetary policy review this Monday and directed banks to open separate… Read more »
The dismissal of the board by Finance Minister Mthuli Ncube, comes after the tax collector reportedly failed to collect over U.S.$4,2 billion from defaulting companies in the ... Read more »
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