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*JUST IN: High Court Sets Aside Controversial 2% Tax* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?cr A tweet by Zimbabwe Lawyers for Human Rights says the government has set aside the 2% tax introduced by the Minister of Finance Mthuli Ncube last years. > Breaking News: High Court Judge Justice Zhou has set aside SI 205/2018 on the 2% transaction tax. The case was argued by @BitiTendai. Called the Intermediated Money Transfer Tax (IMMT), the government effectively taxes every money transfer in Zimbabwe, for both ordinary people and companies, 2% tax. ---------- *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* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- The tax was anounced on 1 October 2018 by the Ncube in a bid to increase government’s revenue. The government has since been able to collect nearly ZWL $100 million each month through the tax. About $50 million of the collected money each month is reportedly used to rehabilitate the country’s road infrastructure. Soon after the introduction of the tax last year, the director of the Combined Harare Residents’ Association, Mfundo Mlilo is challenged its lawfulness. The respondent in the case is the Finance minister Mthuli Ncube and the case was being argued by Tendai Biti. The tax has, however, since been enacted through the Finance Acts (Budget) of 2019. More: ZLHR on Twitter _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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