‘Tax deferments for struggling firms’

THE government is offering tax deferments and duty rebate to support struggling companies hit hard by the coronavirus pandemic.
Local firms were already reeling under operational pressures arising from limited access to fresh capital long before the pandemic broke out.
“The ministry is providing an enabling environment by assisting companies to access funding through IDC, providing support letters towards accessing fiscal incentives such as rebate of duty, VAT deferments, among others,” Permanent secretary in the Industry and Commerce ministry, Mavis Sibanda, told The Financial Gazette this week.