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.

Zimbabwean finance minister Mthuli Ncube. Picture: THE TIMES

Ncube also proposed to lower the corporate income tax rate to 24% from 25%.

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