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Zimbabwe raises VAT to 15% 2023

Standard VAT rate returned to 15% from 14.5% 1 January 2023 following COVID

In its 2023 Budget, Zimbabwe has returned its standard VAT rate to 15%. It was originally cut to 14.5% at the start of 2020. This was done to help households during the COVID-19 pandemic.

At 15%, it remains marginally lower than other local countries which average around 16%.

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Many other EU states are cutting VAT on fuel.


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