Zimbabwe's government suspended 40% capital gains tax on stocks, halved withholding tax, and lifted vesting period to boost ZSE trading.
Zimbabwe's government suspended the 40% capital gains tax on stocks and halved the capital gains withholding tax to 2% for six months, in a bid to boost trading on the Zimbabwe Stock Exchange (ZSE). This follows a 92% drop in daily trades due to restrictive taxes. The 180-day vesting period was also lifted, allowing faster stock sales. However, despite these measures, the market remains short on liquidity and trading remains subdued.
July 02, 2024
3 Articles