- Livestock farmers are pleased with the Government’s decision to remove the 15 percent VAT on live animal sales
- The aim is to promote organized marketing and increase disposable incomes for farmers
- The decision is expected to benefit farmers by increasing revenue and supporting the growth of the livestock sector
- Farmers believe the tax relief will lead to better-organized markets and improved profitability in the agricultural sector
- The Government noted that most live animals are sourced from smallholder farmers who are ineligible for VAT registration
- The removal of VAT is expected to restore demand for meat and promote formal trade in the livestock sector
- The increase in standard VAT to 15 percent in 2024 led to higher prices for meat products
Source: chronicle.co.zw
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.
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