The High Court Judge Justice Zhou has set aside the Statutory Instrument 205/2018 on the 2% transaction tax introduced by the government last year.
The case was argued by MDC Deputy President Tendai Biti.
The 2% tax on electronic transactions was made into law in October last year as a brainchild of Finance minister Mthuli Ncube.
The law was gazetted as part of Transitional Stabilisation (TSP) that will run until 2020 which is aimed at widening government’s revenue collection.
More details to follow.
