Govt scraps VAT on gold deliveries

Tapiwanashe Mangwiro-Senior Business Reporter Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube has scrapped the requirement for gold miners to pay 15 percent Value Added Tax (VAT) on the value of deliveries to Fidelity Gold Refiners. Zero-rated goods are products that are exempt from value-added taxation (VAT). Countries designate products as zero-rated because […]