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Mthuli defends new VAT

Finance Minister, Mthuli Ncube

FINANCE, Economic Development and Investment Promotion Minister, Prof. Mthuli Ncube, has defended the government’s proposed 15.5 percent Value Added Tax (VAT) rate, arguing this aligned with regio Speaking in Parliament, he noted that neighbouring countries such as Zambia and Mozambique charged 16 percent VAT, and 18 percent for Tanzania, which placed Zimbabwe’s rate favourably in…

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