The suspension of the import duty and import VAT shall be
valid for six months from yesterday and is likely to force Zimbabwean producers
to keep their prices within the limits of foreign competitors, especially as
retailers and wholesalers can now keep all the foreign currency they collect
from customers.
In a letter to Zimra Commissioner General Ms Regina
Chinamasa, Permanent Secretary for Finance and Economic Development Mr George
Guvamatanga also requested Zimra to “urgently draft the necessary legal
instrument and implement the duty suspension with effect from 12 May 2023”.
“Furthermore, the Ministry of Industry and Commerce is
expected to complement the measure through the inclusion of the above goods on
the Open General Import Licence,” said Mr Guvamatanga.
The move is in line with the measures announced by the
Government on Thursday.
0 comments:
Post a Comment