Zimbabwe targets $700m from controversial payment tax – Iol.co.za

Zimbabwe expects to raise $700 million a year from a new tax on money transfers that triggered panic buying of goods from fuel to sugar and sent its quasi-currency plunging. The southern African nation, reeling from shortages of foreign exchange, is targeting total revenue of $5.7 billion in the current fiscal year and $6.4 billion in 2019, Finance Ministry Permanent Secretary George Guvamatanga said in a presentation in Harare, the capital, on Monday.

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Source link : http://www.topix.com/world/zimbabwe/2018/10/zimbabwe-targets-700m-from-controversial-payment-tax?fromrss=1

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Publish date : 2018-10-30 21:07:52

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