Industry flags ‘burdensome’ tax regime

1.1K

INDUSTRY has raised a red flag over the extensive taxation of local businesses, rendering locally-produced goods uncompetitive on both domestic and international markets.In its submissions to the Ministry of Industry last week, the Confederation of Zimbabwe Industries (CZI) spotlighted the value-added tax (VAT) on certain goods, surtax on sugar content in beverages and the intermediated…