Business Reporter
FINANCE Minister ,Mthuli Ncube has with immediate effect restored duty payment on all basic commodities as he ups the ante in harnessing revenue collection strategies.
The Treasury boss last year released the 2024 National Budget which attracted fire for being largely a tax driven blueprint at a time when citizens are getting far lesser than what they are contributing to the fiscus.
In a statement Wednesday, Ncube moved to further announce the repeal of the duty free status was gazetted yesterday by he Ministerv of Finance, Prof Mthuli Ncube in Excise Amendment Regulations no 272.
Some measures which include the suspension of duty payments on all basic commodities were employed in a bid to stabilise the ZWL.
Government has accused businesses of sabotaging its efforts through forward pricing in anticipation of unforeseen exchange rate depreciation.Some sections of industry have since castigated the government for adopting an anti-productivity strategy after opening the borders warning the initiatives will choke employment and economic growth.
