THE Ministry of Finance has reviewed upwards capital gains tax levied on sales on the Zimbabwe Stock Exchange (ZSE) from the current 1% of the total transaction to 5%. (Pictured: Tendai Biti Finance Minister)The reviews of fees and commissions of the local bourse are effected in terms of Section 118 of the Securities Commission Act (Chapter 24:25).
The decision according to analyst will however impact on trade as this will increase trading cost as traders continue to face liquidity challenges.
The last review was on May 1, 2009.
Post published in: Economy