Zipigwai Nemota Muchibhadhara US Pa Duty, Mnagagwa Says No Going Back On Duty In Forex
President Mnagagwa on Saturday reiterated 2019 National Budget revenue enhancing measures pronounced by Finance Minister saying that there is no going back on duty in forex for car importers.
Addressing hundreds of party supporters in Murombedzi, President Mnangagwa said importers of motor vehicles will pay customs duty in foreign currency to control the surge in the importation on non-productive goods.
Announcing revenue enhancing measures in his 2019 National Budget statement in Parliament last week , Minister of Finance and Economic Development, Professor Mthuli Ncube, said the measures were critical in redirecting use of scarce foreign currency to the productive sector and implementation of measures to control imports, which continue to outstrip exports thereby exerting pressure on foreign currency requirements amid a widening trade deficit.
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