Two cents per one dollar tax to prioritise social services delivery – Finance Minister

...


By Staff Reporter

Finance and Economic Development Minister Professor Mthuli Ncube says the two cents being taxed per one dollar of each electronic transaction, will be ring fenced to prioritise social services delivery such as health and education.
He was speaking during the launch of the transitional stabilization programme in Harare on Friday.
The Minister said the economy is now more informal adding that previous tax regimes are no longer effective.
He also said government will implement a raft of austerity measures that include reducing its wage bill, cutting down on government travel expenses and number of foreign missions.
=============================

Advertisement
Live Now

Latest News

News ...
Government to boost national cattle herd by artificial insemination technology

By Staff Reporter

Government is set to boost the national cattle herd...

Read More

News ...
Zimbabwe records 100 000 diabetes cases last year

By Staff Reporter

Zimbabwe recorded about 100 000 diabetes cases last...

Read More

News ...
Over 20 suspected cholera cases in Mt Darwin



By Staff Reporter

About twenty suspected cases of cholera have been reported i...

Read More

News ...
Star FM Launches Music Awards

Leading urban radio station Star FM has announced the launch of the Star FM Music Awards, schedul...

Read More

More