Zimbabweans Based In Foreign Countries Must Pay Duty In Forex: Cross-Border Traders To Mthuli Ncube

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The Zimbabwe Cross Border Traders Association has advised Minister of Finance and Economic Development Mthuli Ncube to charge duty in foreign currency for all Zimbabwe nationals who are based outside the country. The association also suggested that all foreigners bringing in containers of goods should pay for duty for the goods in foreign currency. In a series of policy proposals, Zimbabwe Cross-Border Traders Association Killer Zivhu said,

If they are unregistered investors, these foreign nationals must also declare with Zimra how they are going to take the capital they generate within our borders back to their countries…Zimbabweans living in the Diaspora must also pay duty in forex. When they come into the country, they burn their forex to acquire bond notes, which they then use to pay duty at the border…So, for example, if you are based in South Africa, you ought to pay duty in Rand. If they fail to pay duty in forex, their goods must be forfeited to discourage the smuggling of goods into the country.

More: Daily News

 

Bond NotesMthuli Ncube

Bond Notes are a currency of notes backed by a bond that the Zimbabwe government announced on 4 May 2016 by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya. The $2 denomination of the notes was finally introduced on 28 November 2016. More notes were... Read More About Bond Notes

Professor Mthuli Ncube is the Minister of Finance and Economic Development.He was the Chief Economist and Vice President of the African Development Bank ,financial, economics, investment, and public policy expert, entrepreneur and academic. Professor Ncube divides his time between the private sector in Switzerland and... Read More About Mthuli Ncube

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11 comments

  1. Anonymous Reply

    Chinzvinyiriri chenyu ngachipere munhu anoenda kundotsvaga mari kunze kwenyika modakumubvisisa tax imi musina plan yekuvapa basa zvinoita here.imi murikushanda vamwe vachirarama zvekutamburira mubate muromo wenyu

  2. Anonymous Reply

    Kana makaba mari regerai kudya zvevapfupi nokureba.mnangagwa wacampaigner uchity mabasa achavako siyai kuda kubatira vari kuDisapora mari dzavanoshanda ,makatadza kuvapa basa uye Mnangagwa ungapabva pachigaro sekubvisa kwatakaita Mugabe nokuty unenge watadza kutonga

  3. Moi Reply

    Why does this government always what someone else’s money tollgate came, now a 2% off our bank accounts heavy bank charges, paye, vat , nssa, all goverment related. Show me one thing the government does for it people. Start development create Jobs and so forth stop being takers all the time.

  4. Alex iwinda Reply

    Its not the government which wants people in diaspora to be taxed but cross boarder traders

  5. Chombo Chamai wako Reply

    ZvaKiller Zivhu nezvembavha. Anopenga. Wakatouraya hupfumi kare sezita rako

  6. Tony Reply

    Bunch of crooks. Idiots. Punishing people that are working hard and earning an honest leaving so that you can line the pockets of your greedy and bloodthirsty comrades. Your days are numbered!

  7. Anonymous Reply

    Inga mave kudziya muviri. Zvarwadza ka kuvhitera pasipo. Kuda kushungurira vakatizawo nhamo. Kutobatsira mhuri dziri kushungurudzwa nehurumende isingakwanisi. Kwanai imi macross border kwere-kwere. Kutodawo kuzvipa zita kwaro. Tikwanirei zvedu

  8. godfrey chikowore Reply

    a welcome concern, but calmness and wisdom very critical..Nevertheless the standing state financial and customs and duty regulatory frameworks are legally the ones to be complied with for nationals and internationals. Just make sure this doesnt translate into a myopic game of targetting and discriminating the innocent through an abuse of power by those who wield it.

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