Councils Seek Exemption From 2% Tax

Local authorities have appealed to Government seeking exemption from the two percent Intermediated Money Transfer Tax. They say the tax is impacting negatively on effective use of road fund allocations from the Zimbabwe National Road Administration (Zinara).

During a meeting organised by Zinara in Bulawayo on Friday before a tour of the Bulawayo-Nkayi Road and Ingwingwizi Bridge in Bubi district by Transport and Infrastructural Development Minister, Engineer Joel Biggie Matiza, representatives of local authorities in Matabeleland North expressed concern over the two percent tax saying it was negatively impacting on the road funds received from Zinara.

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