TAX MATTERS: New VAT exemptions on livestock products

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https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-307020.mp3?cb=1732287505.mp3Introduction to VAT Reforms: Effective 1 August 2024, Zimbabwe has proposed substantial reforms to its VAT system, exempting certain products to bolster economic growth and improve the affordability of essential goods. Categories of VAT Supplies: Zimbabwe’s VAT system categorizes goods into standard-rated, zero-rated, and exempt supplies. Standard-rated supplies carry a VAT rate of 15 percent,…