Zimbabwe Needs To Review Its Taxes If It Is To Be Open For Business: Minister Moyo

Minister of Local Government July Moyo has called on the government to review its tax policy in order to attract investors. Moyo said that Zimbabwe cannot be open for business if the government is heavily taxing investors. Speaking in Bulawayo last week, Moyo said,

So my call to Zimra as the lead tax authority and the Ministry of Finance is that the taxing authorities must talk to each other if Zimbabwe is going to remain permanently open for business….Zimbabwe cannot be open for business if the Minister of Finance is taxing heavily those who want to invest in Zimbabwe be it domestic and international. Equally, Zimbabwe cannot be open for business if local authorities are heavily taxing the people of Zimbabwe, local and foreign investors.

…You are the first port of call who can actually start chasing away business both domestic and international because of how you tax them.

 

More: Chronicle