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OpenZimbabwe Unveils New Tax Measures, Increasing Burden On Already Strained Taxpayers
4 months agoFri, 29 Nov 2024 04:30:07 GMT
Finance, Economic Development, and Investment Promotion Minister Mthuli Ncube on Thursday announced a series of new taxes aimed at increasing government revenue to address rising financial demands, further burdening an already strained taxpayer base.
The new taxes outlined in the budget, which are effective January 01, 2025, will target sectors including betting, fast food, and plastic bags, among others.
Below are the new taxes in the 2025 National Budget:
- Fast Food Tax – a 0.5% tax on the sales value of fast food items like pizza, burgers, chips, tacos and hot dogs.
- Betting Tax – a 10% withholding tax on the gross winnings of sports betting punters.
- Plastic Bag Tax – a 20% tax on the sale value of plastic bags.
- Rental Income Tax – a 25% tax on the rental income of properties converted from residential to business use.
- Capital Gains Tax on Marketable Securities – a 1% tax on marketable securities.
- Excise Duty on Alcoholic Beverages – excise duty on alcohol increased from USD 0.25/litre to USD 0.30/litre.
- Royalties on Quarry Stones – quarry stones will attract a royalty rate of 0.5% of their sales value.
- Corporate Income Tax on Building Societies – receipts from non-mortgage activities by building societies will now be taxed.
- Mandatory Tax Registration for Emerging Sectors – small businesses including car dealers and hardware operators must register for taxes, failing which specific quarterly corporate tax payments will be levied against them.
Former MP for Mt Pleasant, Fadzayi Mahere, criticized Minister Mthuli Ncube for increasing the tax burden on citizens while enjoying a lavish lifestyle. She wrote on X:
You drive the latest big bad Range Rover for which you paid 0% import duty yet you make a budget statement that squeezes every drop of blood from the taxpayer!
You’re not even ashamed that the country has a ballooning debt of over US$21 billion, you cannot afford to pay teachers or that you rely on food handouts during a drought!
To cap it all off, your solution to the economic crisis is to tax chicken and chips, njuga and rental income. No wonder ZESA protested after you spoke by turning the lights off as a sign of the darkness to come.
The economy is dead and the country is on auto-pilot. The Budget is anti-people, anti-productivity and anti-progress. It’s a mess.
More: Pindula News
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57 Comments
shumbex · 4 months ago
This country is under ruthlessness **** and careless leaders. Hospitals don't have medicine tapes are dry no electricity these are basic human rights needs but the govt go all the way to buy chiefs expensive cars and plans to compensate white farmers of which some are long time dead. What shame and you still want to get more money from struggling citizens Lord help us.
.
Anonymous · 4 months ago
Very brave lady.
1
Tintin · 4 months ago
ndaona pizza yachinjwa zita kutiza tax
🔞🇿🇼 · 4 months ago
hakana inongo bikwa zvakadhakwa chachimodho
Tintin · 4 months ago
unongoona box ranyarwo kuti pizzalo woziva kuti mthuli awacha
Bvoricho Bvoricho · 4 months ago
ndanga ndichimutsvagira zita, ndazoriwana manje: Anonzi Mtuvi a.k.a "Walker Tax us Ranger"
Optimus · 4 months ago
Pizza to Tizza
walle · 4 months ago
Mwari tinzwirewo nyasha mvura inaye
Murei · 4 months ago
chinyika chaana satan
🦍 · 4 months ago
I think they should changetheat suite case that always is carried by these Zim finance ministers coz might never know what happens when its closed.
Coz the moment they open it you will be expecting some sense written to be presented asi mayasi
1🔞🇿🇼 · 4 months ago
one day I will drive to that car
g · 4 months ago
tipe mazig edu emwedzi uno wakanyarara kwete zvako izvo ende tikutoaisa mustreet tibhadhare rent
🧐 🤔 🤨 🙄 · 4 months ago
Hazvina logic izvi, you pay income tax, pauno gara imba ine tax, grocery store and rine tax, Magetsi ane tax, ma snacks Ana pizza tax, data tax sugar tax apa yabva kuneimwe tax mugrocery yoitwa tax yokuitwa tea futi
It's a tax meesyfully revised
mono · 4 months ago
unemployment rate is at 95 percent muzvipatara makadhakwa vanongo implementer matax asina basa vakada kucoper Ana America panyaya dzemataxing vanonyura
🧐 🤔 🤨 🙄 · 4 months ago
Let's face it guys, Gushungo fired these guys knowing what they are materials made of
Anonymous · 4 months ago
They are cut from the same cloth, what are you talking about?
Corruptmore Looto · 4 months ago
Mugabe is the number one reason why we're in this mess but also you are somewhat correct to a certain extent. He did warn us about them and said he wanted Sekeremai but people were already celebrating his demise and didn't pay heed to his warning. I don't think that we can truly remove Zanu from power, so the best course of action has to be to find at least somewhat tolerable people in Zanu PF to lead but with this administration we didn't get that, in my view it is probably the worst administration to ever lead this country since the colonial era formation of the nation. Now we can only hope that moderates in Zanu PF take over(if there is ever such a thing) because the prospects of Zanu PF accepting electoral defeat are pretty slim, they didn't do so in 2008 why would they do so in 2028, for the foreseeable future we are stuck with them for now.
🔞🇿🇼 · 4 months ago
point
Tambaoga · 4 months ago
Eh this country is in Comma!
Non Aligned Movement 🇿🇼 · 4 months ago
Comatose
Jah🇿🇼Tsvarie-07 · 4 months ago
The government know its citizens are employed outside the country and now doing a count attack, what of those who don't have diaspora in their families...
Taxes4ED · 4 months ago
This purported "Finance Minister" clown boy Mthuli Ncube, (failed Babican bank twit), is a fùçkèn dúmb dunderhead , no brains, no thought , just a fùçkèn ùsèlèss clown of an excuse of a human being...
Thinkmore · 4 months ago
0771408264
Corruptmore Looto · 4 months ago
Honayi Mota yacho 😅 moti Zanu inobvuma kubva pakadayi. Our situation is very bad yet people waste money on cars and other useless trinkets while taxing us to death, Zanu is surely anti-people
🧐 🤔 🤨 🙄 · 4 months ago
Woti mota chete here wona ma spoilers epa rim chrome yacho ndeyemaceleb chaiwo
Anonymous · 4 months ago
The rich get richer, the poor get poorer and the "chefs" are laughing all the way to the bank & their mansions, paid for by the tax man & looting
zig zigler · 4 months ago
mthuli enjoying our suffering
Anonymous · 4 months ago
Yup, he sits back enjoying a great life style and all he has to do is **** us all and raise taxes once in a while.
@🤔 · 4 months ago
finance minister I have a suggestion please tipeiwo toilet tax...if u can't beat them join them..
Anonymous · 4 months ago
Dictatorship. Hurumende yao.esera ma lodgers kkkk we will simply pass it on yangu mari haichinje lodger ndiro richabhadhara Ntuli kkkk viva Zanu. 2030
bhozho · 4 months ago
mhofu Mirai ndipedze nemi
ambori mangani ma civil servants according anobhadharwa nemari yakawanda kudaro
Mari ye lithium
Gold
Taxes
nickel
diamonds
chrome
platinum
uranium
steel
tollgates
Vid is taking money also
Zinara
Zera
Duty redzimota dzirikupinda daily pa busiest border beitbrigde
customs duty
Where is the money Going
Corruptmore Looto · 4 months ago
Vana Mhofu maDunderheads, their minds are full of sh!t you can't reason with such individuals. They just can't understand or don't want to understand.
Antman · 4 months ago
Not vana mhofu. This specific username
Jaison Ndlovu · 4 months ago
Kwahi njuga dzaakutekswa
Ediots · 4 months ago
Budget rino balancer sei mari ichiperera kungoro dzemoto idzo. zanu has poor economic planning and management.
Mp · 4 months ago
kkk drunk economics Mr **** bring in western investors chete muno serious investors not dealers
Optimus · 4 months ago
But we don't necessarily need foreign investors, we just need a fair market environment, in fact we need an economic landscape that favours us Zimbabweans not foreigners or an elite class.
qwerty · 4 months ago
that's true Optimus. we should not rely on foreign investors, we can do it ourselves
Anonymous · 4 months ago
Then why hasn't it happened already?
1Mhofu · 4 months ago
Inzwawo zvino tawura godzwa Mahere, Gvt gets money from taxes, if you don't increase taxes how do you increase civil servants salaries.
screwdriver · 4 months ago
mhofu muri hooroo manzwa ndatopedza nemi so
1
Jaison Ndlovu · 4 months ago
Mhofu, remember all nations have civil servants and even here we always had civil servants. Also remember we also pay sales tax on already taxed goods.
Optimus · 4 months ago
Ko iwo maCivil Servants akawandirei kudaro, Itori problem iyoyo yakakonzerwa naivo kuti vatibire vachiti toda kubhadara civil servants.
Government wage bill should be cut so that tidye huku dzedu murugare.
Walle · 4 months ago
@mhofu mvura irikunetsa kuMabvuku neTafara apa iyo yakatozara hayo mumusoro menyu
Jaison Ndlovu · 4 months ago
Has the following anything to do with salaries?
The consumption of highly processed food has been identified as one of the factors responsible for the prevalence of obesity and associated non-communicable diseases, hence, the need for Government to promote responsible consumption of such foods.In view of the above, I propose to introduce a Fast Foods Tax on the value of the following food items sold by Fast Food Retail Outlets and Restaurants at a modest rate of 0.5% on the sales value, with effect from 1 January 2025.
Khan · 4 months ago
Yes zvine chekuita ne salary. Muteero uyu uchango pfuudzwa kumutengi.. " sin tax" iyoyo iri kuisa pane zvinonaka zvinodiwa ne vanhu should be ring fenced and used strictly for health. Millions collected from Delta alone should buy ma cancer and Dialysis machines zviri beyond the reach of many. Asi ivory nehupfu wemhunga Soko /Ncube anodya mugaiwa here😀😀😀
prof · 4 months ago
mhofu kana musina idea nezve economy nyararai rubbish
ZimSketch · 4 months ago
just attract investors, then more workers are employed means more PAYE tax, more corporate tax, more VAT, more capital gain tax and the list goes on.... which are fair taxes recognised world wide.... not fresh chips tax, hotdog tax.....
apes · 4 months ago
ngave cope Saudi Arabia ne Singapore hava relaye nematax zvekudaroo
Ctrl Alt Del · 4 months ago
@mhofu unonyadzisa unotishoresa isu ana real Mhofu hausi genuine Mhofu uri mubvandiripo coz brain dzako dzakadhakwa last
Giant · 4 months ago
True the country is on a critical situation that everyone is crying,why did he put new tax on foodstuffs when the country is still on elnino drought and no money is circulating in the market.Even zig is not seen only found to money changers of which those on high profiles are those who vari kutora mari yacho yezig and diverting it to the blackmarket, tax tax what?Mthuli you are killing millions of people in this country dai wambobva tiise Biti
Antman · 4 months ago
F25 is next year
· 4 months ago
Nyika ino Haina varoyi here varoye munhu uyo atinetsa .
MUKANYAPAZVESE · 4 months ago
Range iriapo moto!
