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*2019 National Budget: Major Highlights* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?zb The 2019 national budget was delivered yesterday by the Minister of Finance and Economic Development, Mthuli Ncube. Below are the major highlights from the budget > Private vehicles import duty to be paid in forex. > Civil servants’ 13th cheque to be paid before year-end. > 2 917 youth officers to be retired by year-end. > Further exemptions to be announced regarding the 2 per cent IMT. > 5 per cent salary cut for Government senior officers right up to the Presidium. > Biometric registration for all civil servants from January 1 to flush out ghost workers. > Resuscitation of ZISCO and CSC. > Companies collecting VAT in forex to remit the same in forex. > An increase of 7 cents excise duty on petrol and 6.5 cents on diesel and paraffin. > Directors and shareholders to be jointly and severally liable for the tax debts of voluntary wound up companies. > Parastatal reforms- partial and full privatisation. > No further acquisitions of NPLs by ZAMCO. > Reduction of foreign missions/embassies. > Multi-currency basket remains with USD as the reference currency. *Also Read:* *2019 National Budget Allocations* *Download: Mthuli Ncube’s 2019 National Budget Speech PDF* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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