Mzembi complains that tourism tax is too high as operators receive tax bills upwards of $4 million
Tourism and Hospitality Industry Minister Dr Walter Mzembi says he will engage the Ministry of Finance and Economic Development to negotiate for a downward review of the taxation system for the tourism sector after he received complaints from a number of tourism operators who have been receiving annual tax bills in excess of $4 million, which he said was “killing the sector.”
Speaking on the sidelines of a presentation he made to the Zimbabwe National Defence College yesterday Mzembi said,
If we do not conceive sound taxation policies for the sector we could tax the sector to death. I have been receiving complaints from operators in the sector, with some saying they have been receiving tax bills upwards of $4 million. We do not want to be that desperate. I am going to be meeting with the acting Minister of Finance (Walter Chidhakwa) to discuss this very issue.
FeedbackMinister Mzembi has said the tax was “unilaterally” implemented without an effective cost-benefit-and-opportunity- cost analysis being carried out.
More: Chronicle
HOT DEALS:
itel A70 - (128GB, 3GB RAM) $89,
itel A70 - (256GB, 4GB RAM) $99
itel P40 (128GB, 4GB), (6000mAh) $99
itel P40 (64GB, 4G), (6000mAh) $93
Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika.WhatsApp: 0783 450 793
Tags
0 Comments
Leave a Comment
Generate a Whatsapp MessageBuy Phones on Credit.
More Deals