Advertisements
Home » New tax for car imports

New tax for car imports

0 comments

ZIMBABWEAN car and other equipment importers have to fork out millions more under a special 2016 tax to reduce ozone-depleting substances and as the cash-strapped government also seeks to widen its revenue collection.
This also comes as local motorists pay through their noses for fuel — specifically up to US$1,28 per litre (R22) — since the Harare administration has lumped up to seven taxes on petroleum products.

Advertisements

A survey by The Financial Gazette has confirmed moves to implement the four year-old statutory instrument (SI) 131.
“The information that we have is that we communicated with our clearing agents at ports of entry … and we were told that there is a licence which has to be applied in line with Statutory Instrument 131 of 2016 promulgated by the Environment ministry,” a Toyota Zimbabwe representative said.

Subscribe to The Financial Gazette

This is premium content. Subscribe to read article.

Subscribe Today

Gain access to all articles. Subscribe Today.
Advertisements

Related Posts

Leave a Comment

Advertisements

The Financial Gazette It is southern Africa’s leading business and political newspaper well known for its in-depth and authoritative reportage anchored on providing timely, accurate, fair and balanced news.

Newsletters

Subscribe to The Financial Gazette newsletter for financial & business news worth reading. Let's stay updated!

©2024 The Financial Gazette. A Media Company – All Right Reserved. Designed and Developed by Innovura
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More