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Ramaphosa's ANC to increase VAT for South Africa

Finance minister Enoch Godongwana has proposed a 0.5 percentage point increase for value-added tax (VAT) in the 2025/26 financial year, followed by a further 0.5 percentage point increase in 2026/27.He made the announcement while presentin…

Published: 12 Mar 2025 at 15:11hrs | 373 | by Staff reporter

Zimbabwe to remove VAT on meat?

Zimbabwe is set to see price cuts on meat and poultry products following a recent policy change that eliminates Value Added Tax (VAT) on these items. This decision, confirmed by Finance Ministry permanent secretary George Guvamatanga, aims…

Published: 28 Aug 2024 at 13:31hrs | 2 | by Staff reporter

VAT for agricultural inputs remains suspended in Zimbabwe

The Treasury has reaffirmed its decision to maintain the suspension of a 15 percent Value Added Tax (VAT) on agricultural inputs, implements, and produce. This initiative is part of a broader strategy to attract increased investment in inf…

Published: 06 Jul 2024 at 15:56hrs | 61 | by Staff reporter

Zimbabwe govt scraps VAT on gold deliveries

Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, has abolished the 15 percent Value Added Tax (VAT) on gold deliveries to Fidelity Gold Refiners, as stipulated in Statutory Instrument 105 of 2024. Th…

Published: 14 Jun 2024 at 07:05hrs | 10 | by Staff reporter

Call to scrap import duty, VAT on condoms

MORE than 455 million condoms have been distributed in Zimbabwe during the past five years amid calls for the removal of import duty and VAT to make condoms more accessible and less costly.According to civic organisations, this will make c…

Published: 14 Feb 2024 at 04:39hrs | 30 | by Staff reporter

Mthulisi Ncube exempts VAT on key basic commodities

TREASURY has gazetted the suspension of Value Added Tax (VAT) on selected basic commodities with effect from today as part of Government measures to tame price increases while boosting consumer purchasing power and aggregate demand for bus…

Published: 01 Feb 2024 at 04:57hrs | 32 | by Staff reporter

'Mnangagwa's govt has agreed to suspend decisions on retail and VAT'

The government may suspend its unpopular decisions on trading and Value Added Tax to give time for talks with businesses, according to a leading industry group.Finance Minister Mthuli Ncube announced new measures that force retailers to or…

Published: 07 Jan 2024 at 17:33hrs | 26 | by Staff reporter

Zimra 'clarifies' backdated VAT on rice

THE Zimbabwe Revenue Authority (Zimra) has maintained that the collection of Value Added Tax (VAT) on rice packages of 25 kilogrammes and below, which is being backdated to February 2017, is in line with the law. This follows claims by the…

Published: 25 Dec 2020 at 07:11hrs | 16 | by Staff reporter

Dealers appeal for removal of VAT on rice

Players in the rice supply chain have appealed to Government to reconsider a 14,5 percent Value Added Tax (VAT) charge on the commodity. A Government VAT payment request in retrospect, for a period spanning more than three years, has since…

Published: 21 Oct 2020 at 21:43hrs | 18 | by Staff reporter

Govt gazettes VAT law

Government has gazetted Statutory Instrument 148 of 2016 which will see retail operators and other small businesses paying value added tax from effect January 1, 2017 as part of measures to broaden the country's revenue base. This comes as…

Published: 12 Dec 2016 at 07:18hrs | 1128 | by Staff reporter

Beware of VAT fraud - tax expert

It is a fact that we are living in a challenging an economic environment and it is really proving difficult to run a profitable business in Zimbabwe especially for the SME sector to which I belong. I cannot wait to read the findings of the…

Published: 26 Jun 2014 at 11:15hrs | 2670 | by Elisha Tshuma

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