vat

Zimbabwe plans to cut value added tax (VAT) from January to stimulate consumer demand in an economy set to a contract this year after a drought and power shortages, Finance Minister Mthuli Ncube said on Thursday.
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Finance and Economic Development minister Mthuli Ncube said government will refund and exempt China Jiangsu International from Value added Tax (Vat) and income tax dating back to 2012.
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The country’s tax collection agency, the Zimbabwe Revenue Authority (ZIMRA) has threatened to punish small and medium scale enterprises (SMEs) who will fail to register for value added tax (VAT), as it escalates its desperate bid to boost…
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By Gift Phiri The reversal of the 15 percent hike on value-added tax (Vat) on all meat products and cereals will come into immediate effect and there will be no postponement of the implementation date, Finance minister Patrick Chinamasa…
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The Government has shelved the implementation of Statutory Instrument 20 of 2017, which imposed a 15 percent VAT on basic consumer goods to pave way for further consultation. Businesses and suppliers had taken advantage of the new…
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By Oliver Kazunga The Zimbabwe Revenue Authority (Zimra) says it is investigating an upsurge in tax refunds paid out in the second half of 2016 that saw net revenue collections declining by seven percent to $3,248 billion compared to the…
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Zimbabwe could have lost close to $124 million in tourism revenue last year to the controversial and punitive value added tax (Vat) imposed by the country’s cash-strapped government. A latest report commissioned by the Zimbabwe…
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