Speaking at a Zimbabwe Revenue Authority (Zimra) and parliamentarians workshop in Harare yesterday, Speaker of Parliament Jacob Mudenda called on Zimra to impose a 150%tax on secondhand vehicles to recover foreign currency that would have been used to buy the cars.
You have muscle. Look at all used vehicles that have been coming into the country, taking foreign currency to bring in second-hand vehicles that are parked all over the country. Every corner of Harare, you see these parked vehicles — that is parked foreign currency that has been allowed to go out. What is stopping Zimra from saying ‘if you bring [in] a second-hand vehicle, you pay 120%, 150% of the value of that vehicle in foreign currency? So what went out whether illegally or formally, as they come in, charge them 150% customs duty, you will recover your money, you will recover Zimbabwe’s foreign currency. And for the Japanese, Zimbabwe has become a very big warehouse of second-hand vehicles and after 20 years, where will they get the spare parts from?
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