FINANCE Minister, Mthuli Ncube has declared a total ZW$608,5 billion budget surplus in the first half of the year amid strong economic growth predictions up to year-end on account of healing economic fundamentals.
Ncube said that during the first half, revenue collections were generated as follows: VAT (26.5% of total revenue), Personal Income Tax (PIT) (19%), Corporate Income Tax (CIT) (14.7%), Excise Duty (12.6%), Customs Duty (7%), and IMTT (6.7%). 20.
Source: www.newzimbabwe.com
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