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Zim losing $36m in Vat annually

HARARE – Zimbabwe is losing over $100 000 in revenue daily — approximately $36 million annually — due to failure by citizens to claim Value Added Tax (Vat) refunds from South Africa (SA), the Zimbabwe Cross Border Traders Association (ZCBTA) said. SA is Zimbabwe’s biggest trading partner, with trade between the two reaching R19,2 billion…

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