BRIDGEFORT Capital (BFC), formerly MedTech Holdings, has warned that a review of Zimbabwe’s capital gains tax (CGT) to 40 percent, as recently proposed by the Treasury, would “undermine” the country’s capital markets.
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On May 7, the government announced a raft of measures including an increase in CGT on Zimbabwe Stock Exchange shares to 40 percent.
The CGT review was then enacted into law on May 13, 2022 as an increase from 2 percent and 4 percent, through Statutory Instrument 96 o
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