News / National
Zimbabwe Council for Tourism lobbies for VAT exemption
23 Feb 2015 at 01:51hrs | Views
The Zimbabwe Council for Tourism has pledged to continue lobbying for zero rating for foreign visitors' accommodation payments as the recently-imposed VAT threatens the tourism sector recovery.
ZCT President Francis Ngwenya said VAT had been introduced on foreign payments despite protracted lobbying by the council and others.
The VAT was introduced in January. Ngwenya said: "After an extended period of lobbying, there was excitement in the travel and tourism sector when the Minister of Finance and Economic Development did not extend VAT to accommodation for foreign visitors in his 2015 national budget."
The sector was therefore disappointed when they received a letter from Zimra advising that operators should be prepared to collect VAT on foreign visitors' accommodation payments from January 1 2015.
A Statutory Instrument to that effect was subsequently gazetted on January 15.
ZCT President Francis Ngwenya said VAT had been introduced on foreign payments despite protracted lobbying by the council and others.
The sector was therefore disappointed when they received a letter from Zimra advising that operators should be prepared to collect VAT on foreign visitors' accommodation payments from January 1 2015.
A Statutory Instrument to that effect was subsequently gazetted on January 15.
Source - The Standard
