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*"I Propose To Review The Tax-Free Threshold," Mthuli Ncube Speaks On 2% Transactional Tax* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?gu Zimbabwe’s Finance Minister, Professor Mthuli Ncube has in the 2020 budget reviewed the minimum and maximum thresholds for the infamous 2% transactional tax. Presenting his Budget Statement to Parliamentarians this Thursday, Ncube said: ---------- *Latest itel S24 now available on Pindula* $124 Cash on Delivery in Harare & Bulawayo. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > I propose to review the Tax-Free Threshold from the current ZWL$20 to ZWL$100 and the maximum tax payable per transaction by corporates from the current ZWL$15 000 to ZWL$25 000 for transactions with values exceeding ZWL$1 250 000. Meanwhile, Ncube said that the 2020 Budget marked an exit from austerity to growth and employment creation, a statement which the general populace will find difficult to accept since austerity to some has been synonymous with the 2 percent transactional tax. More: 2020 National Budget Speech _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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