Zimbabwe introduces new taxes on betting wins and fast food to boost revenue, sparking fiscal debate.

Zimbabwe's Finance Minister Mthuli Ncube has introduced new taxes in the 2025 budget to boost government revenue. The measures include a 10% tax on sports betting winnings and a 0.5% tax on fast food items like pizza, burgers, and fries, effective January 1, 2025. The government aims to promote healthier eating and address fiscal challenges. However, critics argue that excessive taxation could harm consumer spending and business investment.

November 28, 2024
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