Zimbabwe Minister of Finance Mthuli Ncube shows his briefcase as he arrives to present his budget statement in the Parliament of Zimbabwe November 22, 2018 in Harare. (Photo by Jekesai NJIKIZANA / AFP)
Finance minister, Mthuli Ncube, currently announcing 2021 budget, says says government will compensate depositors who had $1,000 of less in their accounts during currency change in 2019 for value erosion. Pensioners will also benefit from $75 million fund, he says.
Tax free threshold up from ZWL$5,000 per month to ZWL$10,000 per month. Bonus tax-free threshold goes up from ZWL$5,000 to ZWL$25,000 with effect from November 1, 2020.
Mthuli Ncube says US$1.5 billion spent on vehicle imports since 2015. Removes vehicles older than 10 years from Open General Import Licence – meaning they cannot be imported.
ZINARA to accept toll fees in foreign currency using prevailing forex auction rate (Light motor vehicles currently pay Z$120) – Mthuli Ncube. -Zimlive
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