Govt Scraps 2% Tax For Tobacco Farmers

Government has removed the two percent Intermediated Money Transfer Tax on tobacco sales.

Tobacco Industry Marketing Board (TIMB) spokesperson Mr Usheunesu Moyo told the Sunday Mail that they expect business at the floors to improve from tomorrow as a result. Said Moyo:

There were some sticking issues with regards the two percent tax and that has since been resolved and we expect all buyers to be buying from Monday onwards. The buyers were not comfortable with the tax and it has now been removed.

Related:

• Tobacco Farmers To Get 50% In US Dollars

More: Sunday Mail