ZIMBABWE should simplify and reduce the tax burden on businesses in order to promote formalization, enhance competitiveness and foster sustainable economic growth, experts have said. The country has a relatively higher number of taxes targeting businesses compared to the region, not only increasing the cost of doing business but also discouraging formalization. In order to…
‘Ease tax burden in order to encourage formalisation’
Zimbabwe's tax-to-GDP ratio must rise substantially if the country is ever to fund the public services its people deserve.