By Marvelous Tapera AdvertisementsTHE introduction of new tax provisions under the Finance Act (No. 2 of 2024) marks a significant shift in the way Zimbabwe handles the taxation of its growing betting industry. The provisions, which impose taxes on both bookmakers and betting punters, reflect a broader trend of governments worldwide increasing their focus on…
TAX MATRIX: Taxation of bookmakers, betting punters
The World Bank identified the existence of multiple tax incentives, particularly in mining, a large informal sector, and tax compliance challenges, as notable impediments to maximising tax revenue.