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Home » Government to earn $300bln from VAT

Government to earn $300bln from VAT

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FINANCE minister Mthuli Ncube says the country’s move to raise value added tax (VAT) to 15 percent from 14,5 percent starting next month will generate $300 billion that will fund at least five ministries. Ncube told a post-budget review meeting organised by the Confederation of Zimbabwe Retailers that VAT was still low compared to the…

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