advertisement

Government To Review The 2% Tax, Says Finance Minister

advertisement
ZIMRA Offices

After clarion calls to abolish the controversial 2% tax by many people from all walks of life, its still the same story, the government doesnt yet want to get rid of it.  However, its only going to review the tax to come up with more exemptions early next year. Presenting the 2019 National Budget, Finance Minister Professor Mthuli Ncube said;

advertisement

Mr Speaker Sir, consultations made with stakeholders indicate the need to fine tune the transaction tax, with a view to ease the Cost of Doing Business. In this regard, I propose to provide for further exemptions, with effect from 1 January 2019.

The 2% tax,  which was implemented as a way to increase the government’s revenue collection, was introduced last month during the presentation of the Monetary Policy Statement much to people’s anger. The first time the government heeded people’s backlash with regard to the 2% tax, it reacted by making some exemptions for the tax.

advertisement

Quick NetOne, Telecel, Africom, And Econet Airtime Recharge

If anything goes wrong, click here to enter your query.


WhatsApp Discussions

Click to join a Techzim WhatsApp group:
https://chat.whatsapp.com/DhJIODAb9nSCqaB6fl4syL

If you find the group full, please notify us on +263 715 071 199 and we'll update the link.


2 thoughts on “Government To Review The 2% Tax, Says Finance Minister

  1. They will probably exempt it for transactions below $1 and increase it from 2% to 5% for everything else !!! hahahaha

Comments are closed.