Zimbabwe: Zanu PF lauds VAT removal on meat products

Published 2024년 8월 29일

Tridge summary

The government of Zimbabwe, represented by the Ministry of Finance, Economic Development and Investment Promotion Permanent Secretary George Guvamatanga, has announced the removal of Value Added Tax (VAT) on beef, pork, and poultry products. This policy change, highlighted by Cde Farai Marapira, the party's director of information, aims to make these nutritious foods more accessible and affordable, particularly for low-income families. The move is expected to stimulate the agriculture sector, create jobs, combat malnutrition, and foster healthier food choices. Consequently, it reflects the government's dedication to enhancing living standards and supporting the local economy.

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Original content

Source: The Herald – Breaking news. In a statement, Cde Farai Marapira, the party’s director of information, said greater access to affordable meat would improve the public’s diet and overall health. “The Ministry of Finance, Economic Development and Investment Promotion Permanent Secretary George Guvamatanga, in a plenary has announced the removal of VAT on beef, pork and poultry products to enhance food accessibility and nutritional intake. “This significant policy shift offers several benefits. “By lowering retail prices, these nutritious foods become more accessible, especially for low-income families,” said Cde Marapira. He said increased demand for meat would also stimulate the agriculture sector, and help in creating jobs. Cde Marapira said the move would also help combat malnutrition and food insecurity in general. “The reduction in prices may also boost ...

Source: Zimbabwesituation