Ncube Unveils 2026 Tax Shift

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Zimbabwe’s 2026 National Budget introduced a broad tax overhaul, cutting the IMTT on ZiG transactions while raising VAT from 15% to 15.5% to protect revenue. The plan added a Digital Services Withholding Tax, strengthened fiscal discipline, and supported Vision 2030. Despite projected growth, the country faced a deficit, rising public debt, and high spending, with critics warning the VAT increase could worsen cost-of-living pressures.