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*New Bill Demanding Taxes In Forex If People Can't Prove Transactions Were In Zimbabwe Dollar* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?jc A new Finance (No 3) 2019 Bill sailed through the National Assembly on Tuesday evening and will give effect to fiscal measures in the 2020 National Budget. The Bill compels people who cannot prove that they sold their assets in Zimbabwean dollars to pay taxes in United States dollars. Part of the Bill reads: ---------- *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 ---------- > In respect of any sale of a specified asset that is purported to have been sold for Zimbabwe dollars, it shall be presumed that the specified asset was paid for in foreign currency at the US dollar market valuation of the specified asset on the date of the sale, and that the capital gains tax thereon shall be paid in US dollars accordingly, unless the seller provides documentary proof satisfactory to the commissioner that the specified asset in question was sold for Zimbabwe dollars. This comes when the country has through Statutory Instrument 142 of 2019 outlawed the use of all foreign currencies for domestic transactions. Zimbabwe has a huge scarcity in foreign currency, a scenario that is just bad considering that the country’s industry is collapsed and businesses, government and even individuals import most of the commodities. More: News Day _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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