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Zimbabweans Reiterate Need For The Removal Of 2% Transactional Tax

Zimbabweans Reiterate Need For The Removal Of 2% Transactional Tax

Zimbabweans have reiterated the need for the removal of the 2% transaction tax saying it is a burden to the already financially hamstrung and over-taxed population, NewsDay reported.

The 2% intermediated levy on all electronic transactions was introduced in 2018 by Finance and Economic Development minister Mthuli Ncube as part of austerity measures to kickstart the economy.

Citizens who attended the 2023 pre-budget public hearings on Monday in Harare said the government should reduce the tax burden on ordinary people and increase corporate tax.

The hearings are being conducted by the Parliamentary Portfolio Committee on Budget and Finance and the Parliamentary Thematic Committee on Sustainable Development Goals.

Zimbabwe Coalition on Debt and Development (ZIMCODD) representative Darlington Mazonga said: 

In this country we have so many inequalities, the rich are enjoying on their own. My plea is for government to increase corporate tax, pay as you earn and totally scrap the 2% tax because the tax regime has increased poverty levels in the country.

He also appealed for a debt audit to be introduced. ZIMCODD has always been critical of the government’s borrowings which it says are not sustainable, and are benefiting political elites.

Zimbabwe Council of Churches (ZCC) local ecumenical fellowship and economic justice champion Gibson Botomani said the government must consider into the mineral resource to remove the tax burden on the citizenry. Added Botomani:

Citizens are heavily taxed and the 2023 national budget must allocate adequate resources to the ministries of Health and Education. Government must be transparent in contract disclosure.

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9 Comments

Vybz Kartel 1 month ago

we have already drowned into this sh*ty


Gwedu 1 month ago

Mthuli thinks he is a super Human but the plan he is irrigating today will be a weed for his grand children in future.

Imwe Mbeu 1 month ago

Ko team rekuba Gold ( In Transit ) rabatwa 😂


Constable Hokoyo 1 month ago

Wafara ka.
Hatiite zvekutamba nebasa isu.

VYBZ KARTEL 1 month ago

Nyika inovakwa ne vene vayo zvimwe zvese zvamuno ukura i**** dzega dzega.


Cathrine. . 1 month ago

we are over taxed in this country and is is killing the average person. On Nostro accounts the tax is 4% so I can understand why companies want to deal in cash to avoid this absurd tax


Jah🇿🇼Tsvarie-07 1 month ago

The ordinary like me's tax and bank charges need to be looked at very closely...


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Wanguda 1 month ago

Msuli Ncube is becoming unpopular each and every day. That guy have no sense of shame...


kakarot 1 month ago

tax won't be removed and the Idea of puting tax on corporation will eventually lead to back firing to ordinary people. for instance corporates will externalize the tax expense to the customer and totanga futi kkkkk



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