Home News Breaking: High Court Sets Aside Govt’s 2% Tax.

Breaking: High Court Sets Aside Govt’s 2% Tax.

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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.

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 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.

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