Zimbabwe SME leader proposes turnover-based presumptive tax to simplify tax collection for informal businesses.
Zimbabwe's SME sector leader, Farai Mutambanengwe, proposes a turnover-based presumptive tax to simplify the tax regime for informal businesses. Zimbabwe Revenue Authority struggles to collect taxes from SMEs due to their informal nature. Mutambanengwe suggests this system would address the challenges of bringing informal players into the tax system, as they often lack knowledge about taxes.
May 24, 2024
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