Source: Zimbabwe to lower value added tax from January – finance minister – Reuters
HARARE (Reuters) – Zimbabwe will cut value added tax (VAT) to 14.5% from 15% effective January 2020 in order to boost consumer demand, Finance Minister Mthuli Ncube said on Thursday in a budget statement.
Ncube also proposed to lower the corporate income tax rate to 24% from 25%.
COMMENTS
This idiot is an absolute joke! Inflation at well over 300% and he’s talking in half a percent here and there. The stupidity and incapability (except for theft) never ceases to amaze…..