2% tax

  • Politics

    Chamisa demands that Govt scraps 2% tax

    MDC Alliance President Nelson Chamisa Thursday called for the immediate scrapping of the government’s contentious 2% tax to spur business growth before he went on to criticise the state for failing to avail Covid-19 stimuli packages to local companies. Speaking in a virtual national address on his Facebook page on the Covid-19 pandemic, the outspoken opposition leader said the 2%…

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  • Business Briefs

    Eddie Cross urges Mthuli Ncube to increase 2% tax to 5%

    ECONOMIST Eddie Cross Friday left business executives and other invited guests at the CEO Africa Roundtable in Harare, in shock after he proposed that Finance Minister Mthuli Ncube must increase transactional tax from the current 2% to 5%. In October 2018, Ncube introduced a 2% tax on all electronic financial transactions as part of the government’s Transitional Stabilisation Programme (STP).…

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  • Business Briefs

    Eddie Cross wants 2% tax raised to 5%

    FORMER MDC Senator Mr. Eddie Cross, who is an economist and member of the RBZ’s Monetary Policy Committee (MPC), has said it was possible to cut income taxes and corporate tax, and increase the transaction tax from the current 2 percent to 5 percent to maintain revenue inflows. “The transactional tax will still bring in more revenue than the two…

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