Zimbabwe's Parliamentary Committee on Budget criticizes Finance Minister's fuel tax on imports, citing burdens on legitimate businesses and violation of regional trade agreements.
Zimbabwe's Parliamentary Committee on Budget has criticized Finance Minister Mthuli Ncube's fuel tax on imports under the Removal in Transit (RIT) scheme, arguing it burdens legitimate businesses and fails to combat transit fraud effectively. The policy, which requires upfront duty payment and reimbursement, reportedly violates regional trade agreements and could provoke retaliatory measures from other nations. The Committee recommends enhancing ZIMRA's capabilities to address fraud instead.
September 12, 2024
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