"I Propose To Review The Tax-Free Threshold," Mthuli Ncube Speaks On 2% Transactional Tax
!["I Propose To Review The Tax-Free Threshold," Mthuli Ncube Speaks On 2% Transactional Tax](/_next/image/?url=https%3A%2F%2Fzero.pindula.co.zw%2Fmedia%2Fnews%2Farticles%2Fi-propose-to-review-the-tax-free-threshold-mthuli-ncube-speaks-on-2-trans_wDPFTxX.webp&w=640&q=75)
Zimbabwe’s Finance Minister, Professor Mthuli Ncube has in the 2020 budget reviewed the minimum and maximum thresholds for the infamous 2% transactional tax.
Presenting his Budget Statement to Parliamentarians this Thursday, Ncube said:
I propose to review the Tax-Free Threshold from the current ZWL$20 to ZWL$100 and the maximum tax payable per transaction by corporates from the current ZWL$15 000 to ZWL$25 000 for transactions with values exceeding ZWL$1 250 000.
FeedbackMeanwhile, Ncube said that the 2020 Budget marked an exit from austerity to growth and employment creation, a statement which the general populace will find difficult to accept since austerity to some has been synonymous with the 2 percent transactional tax.
More: 2020 National Budget Speech
Tags
0 Comments
Leave a Comment
Generate a Whatsapp MessageBuy Phones on Credit.
More Deals