Treasury refuses to relax tax thresholds
Finance minister Mthuli Ncube has refused to relax non-taxable income thresholds to $400 saying Treasury needs every penny it can raise to respond to the tough budgetary environment.
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Finance minister Mthuli Ncube has refused to relax non-taxable income thresholds to $400 saying Treasury needs every penny it can raise to respond to the tough budgetary environment.
Members of the House of Assembly have demanded that they be served three luxury meals a day plus dessert while attending Parliamentary sittings.
Finance and Economic Development Minister Professor Mthuli Ncube has said MPs will get a pension after completing their five-year terms.
Parliamentarians from across the political divide have savaged Finance minister Mthuli Ncube’s yet-to-passed 2019 National Budget proposals accusing the Treasury chief of ignoring their recommendations.
The Foreign Affairs and International Trade ministry has said its 2019 National Budget allocation is not enough to fully implement President Emmerson Mnangagwa’s re-engagement plans with the international community.
Car dealers in Bulawayo have lamented the decline in sales since Government announced that people importing vehicles will now pay duty in foreign currency.
Zimbabwe is set to receive $165 million of Chinese aid for the full construction of a new Parliament building in Mt Hampden, yet Finance minister Mthuli Ncube has allocated $3,8 million in the 2019 National Budget to bankroll construction of the same building.
Finance and Economic Development Minister Professor Mthuli Ncube has invoked the Customs and Excise Act and imposed duty in foreign currency on an array of goods that include vehicles and meat, in line with the 2019 National Budget Statement he presented last week.
Government has hiked fines for road traffic offenders by more than 2 200 percent in what could fuel corruption on the country’s roads as motorists try to avoid paying the stiff penalties.
Finance and Economic Development Minister Professor Mthuli Ncube yesterday suspended customs duty on sanitary wear for the next one year.