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FULL TEXT: Treasury Responds To High Court Judgement On 2% Tax

The Ministry of Finance And Economic Development has issued a statement in response to today’s High court judgement that set aside 2% tax imposed on all electronic transactions last year by then-new Minister Mthuli Ncube. Read The statement below.

18 September 2019

RE: PRESS RELEASE ON COURT JUDGMENT ON 2, INTERMEDIATED MONEY TRANSFER TAX

The Attorney General has brought to my attention the judgment on SI 205/2018 pertaining to the collection of Intermediated Money Transfer Tax.

That judgment will not affect the collection and levy of the Intermediated Money Transfer Is because the collection of the Tax under that Statutory Instrument 205/2018 was subsequently pvalidated by Parliament under the Finance Act No. 1 of 2019.

Consequently, the 2% tax will continue to be levied.

Hon. Prof. M. Ncube
MINISTER OF FINANCE AND ECONOMIC DEVELOPMENT

 

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2 comments on “FULL TEXT: Treasury Responds To High Court Judgement On 2% Tax

  1. It seems our Finance Minister’s mission is to see us suffer till death. The 2% tax triggered the current inflation and price increases.The concept of one man one vote has failed in Zimbabwe. Why do some citizens continue voting for a political party which does not know how to run a small economy like ours for 39 years?????

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