Itel

Itel

Itel smartphones and accessories

Open
HomeBusiness

Sugar Tax Raises US$18 Million In 2024

6 months agoMon, 23 Sep 2024 12:54:49 GMT
Share on FacebookShare on TwitterShare on LinkedIn
Sugar Tax Raises US$18 Million In 2024

The government has collected approximately US$18 million from the sugar tax since the beginning of the year, according to Finance, Economic Development, and Investment Promotion Minister Mthuli Ncube.

This controversial sugar tax was introduced to raise funds towards the procurement of cancer treatment equipment and accessories.

Announced in the 2024 National Budget late last year, the tax came into effect at the start of the year as part of measures to reduce the consumption of high-sugar beverages.

During a question-and-answer session in Parliament last week, Luveve-Emakhandeni National Assembly legislator Discent Collins Bajila (CCC) inquired about the sugar tax collection for the first quarter of 2024. In response, Ncube said:

Madam Speaker, special tax of beverages with sugar content for the first quarter amounted to ZiG7,9 million, cumulative collections to date amounted to ZiG248,9 million which is equivalent to about US$18 million.

Click here: Pindula WhatsApp Channel
wa.me/channel/0029Vb4GVea90x2nCSDImS1b

 

Treasury is in the process of working on modalities to join in with the Minister of Health for the procurement of cancer machines and drugs for distribution in our hospitals.

We are working speedily with the Ministry of Health and Child Care through the procurement processes so that we can acquire these machines and drugs as soon as possible.

In his 2024 budget presentation, Ncube proposed a levy of US$0.02 per gramme of sugar contained in beverages, excluding water.

However, following lobbying from the Confederation of Zimbabwe Industries (CZI), which argued that the initial figure was too high, Ncube later reduced the tax to US$0.01 per gramme.

More: Pindula News

Tags

14 Comments

Anonymous · 6 months ago
All to be wasted on everything other than health care. Some new helicopters or cars? Overpriced of course.
Mr JP van · 6 months ago
kwasara badroom tax
Si**** · 6 months ago
Zuva pay your tax Sakunda pay your tax lntratreck pay your tax Quest motors pay your tax TINMAC pay your tax Fossil contracting pay your tax Exodus & Co pay your tax
jivaschihwehwete@gmail.com · 6 months ago
mirai muone zvenyu, tuma briefcase company tuchamuka to suppy the equipment at inflated prices.
Anonymous · 6 months ago
Haa Comrade mukatenga hospital equipment ye 18 milli ndokuvhoterai next election
Corruptmore Looto · 6 months ago
An extra $18 000 to loot
Corruptmore Looto · 6 months ago
$18 000 0000 to grease the Great Looting Machinery of the Regime
ȼøɍɍᵾᵽŧɨȼɨȺn · 6 months ago
pambili pamberi nekubira vanhu zvese futi nekuba mari yenyika munotidii
jivaschihwehwete@gmail.com · 6 months ago
hapana
Scud · 6 months ago
And the money went towards the purchase of the Chiefs vehicles.
ok · 6 months ago
chitangai salt tax
💙💙Blue 🔵cyclone 🌀🌀 · 6 months ago
yah better than,,,, minister vekuroad ndivo vatibaya nematollgati pleze weeeeee
🇿🇼APPAH AGLM🇿🇼 · 6 months ago
zvirinani

Leave a Comment


Generate a Whatsapp Message

Buy Phones on Credit.

More Deals
Feedback