- Zimbabwe may suspend move to restrict informal trade and raise VAT
- Confederation of Zimbabwe Industries (CZI) says government has provided a moratorium for businesses to continue trading under previous conditions
- Other issues discussed include market access, VAT policy, sugar tax, and exchange rate margin
- CZI represents major entities such as Delta Corp Zimbabwe and OK Zimbabwe
- New regulations remove VAT exemptions on certain basic food commodities, resulting in a 15% increase in grocery prices
- Some products, such as agricultural inputs and medicine, are exempt from VAT.
Source: moneyweb.co.za
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
