The Zimbabwe Revenue Authority (Zimra) collected $7, 5million in 12
days in car import duty at Beitbridge as vehicle dealers acted on
rumours that Government intends to introduce duty in US dollars.
The dealers resorted to buying cars with bigger engines as a way of keeping their money on valuable properties.
Under normal circumstances Zimra collects an average of $8, 5 million
monthly. However, as a result of the panic daily imports from the
neighbouring country have increased to between 500 and 700 cars. Herald
Thursday 18 October 2018
PANIC BUYERS : $7,5M DUTY IN 12 DAYS
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