TAX MATTERS: What the proposed VAT increase means

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https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-287079.mp3?cb=1732294483.mp3FINANCE minister Mthuli Ncube proposed to revise the VAT rate from 14.5 percent to 15 percent with effect from January 1, 2023. This comes three years after a downward revision from 15 percent to the current 14.5 percent. The reduction or increase in the VAT rate triggers transitional time of supply rules. The change in…