The Minister of Finance and Investment Promotion Mthuli Ncube says the government has granted flexibility for corporate income tax payments.
In a press release, Ncube said for companies transacting solely in local currency, taxes will be paid in ZiG.
He adds that if a company operates 60% locally and 40% in foreign currency, taxes should match that ratio.
However, for 2024 Q2, Treasury authorized a 50:50 split for Corporate Income Tax payments in both local and foreign currency.
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