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 ...
Chamisa calls for unity among political leaders


By Staff Reporter
Mdc-Alliance president Mr Nelson Chamisa says there is need for unit...

Read More

News ...
Cholera cases in Harare decrease


By Caroline Konje

City of Harare’s acting health services director Dr Clemence D...

Read More

News ...
Government temporarily suspends statutory instrument 122 of 2017



By Staff Reporter
Government has temporarily suspended statutory instrument 122 of...

Read More

News ...
Kariba Lake Side festival preps on course


By Staff Reporter
Zimpapers deputy general manager radio division Mr Piwayi Dzuda, says prepa...

Read More

More