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Zimbabwe Reduces Sugar Tax and Removes VAT on Essential Goods

  • Zimbabwe has lowered its special tax on sugar content.
  • The country has also waived value-added tax on basic goods such as bread, milk, cooking oil, and cornmeal.
  • The decision was announced by Finance Minister Mthuli Ncube in an emailed statement.

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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