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Economic decline hits ‘sin taxes’

HARARE – Zimbabwe’s excise duty collections have been nose-diving on the back of deteriorating economic conditions, the Zimbabwe Revenue Authority (Zimra) said. Zimra chairperson Willia Bonyongwe said revenue from excise duty in the first quarter amounted to $150,2 million against a target figure of $162,6 million as disposable incomes increasingly shrunk. Commonly referred to as…

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