Govt officially removes 15% VAT on basic commodities

Government through the Ministry of Finance and Economic Development is expected to gazette a reversal of Statutory Instrument 20 of 2017, which enabled supermakets to add 15% value added tax on a number of basic goods.

Finance Minister, Patrick Chinamasa had announced the removal of the statutory instrument. In a statement, permanent secretary in the Ministry of Finance Willard Manungo said the reversal takes effect on February 16 2017 and every trader should no longer charge 15% on items such as beef, chicken, potatoes, rice and maheu.

More: Herald