Zimbabwean finance minister Mthuli Ncube. Picture: THE TIMES
Ncube also proposed to lower the corporate income tax rate to 24% from 25%.
Post published in: Business
15.11.2019
6:05
Zimbabwe to lower value added tax from January – finance minister
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.