All NewsBusiness

‘New tax law to dampen tourism’

All NewsBusiness

‘New tax law to dampen tourism’

HARARE – Zimbabwe’s hotels will become uncompetitive while recent improvements in tourist arrivals may be reversed if government’s plan to extend value added tax (Vat) to non-residents goes through, industry players warned. Glenn Stutchbury, Cresta Hotels’ chief executive, said the imposition of the levy will effectively increase prices by 15 percent, rendering the country noncompetitive…

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