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*Companies That Charge US Dollars Should Pay Tax In US Dollars- Ncube* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?pt Presenting the 2019 National Budget on Thursday afternoon in Parliament, Finance Minister Mthuli Ncube said companies that charge prices in United States dollars should also remit taxes in the currency of trade. Ncube’s proposal is in agreement with the Zimbabwe Revenue Authority (Zimra)’s statement ordering businesses that are trading in multi-currencies to remit taxes in the same currency in which the goods have been sold. Said Ncube: ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > Mr. Speaker Sir, notwithstanding that companies are appointed as agents that collect revenue on behalf of Government, some companies are not remitting VAT in the currency of trade, taking advantage of the arbitrage opportunities on the informal market. In order to contain such practices, I propose to compel companies that collect VAT in United States dollars or any other currency to remit VAT using the same mode of payment. This measure will apply on all other taxes. *Also Read:* *Zimra Orders Businesses Charging Foreign Currency To Pay Tax In Foreign Currency* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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