ANNOUNCED AS TEMPORARYNo
The following measures have been proposed in Zimbabwe's 2010 budget read on 2 December 2009. The measures are:
i) Reduction in corporate tax rate from 30% to 25%.
ii) Increase in mineral royalties on precious metals such as gold and platinum from 3% to 3.5%.
iii) Export tax rate of 15% on exports of unprocessed chrome to foster domestic processing of chrome ore.
iv)Extension by a further six-months the suspension of duties on imported foodstuffs, until mid-2010.
v) Reduction in duty on small imported motor vehicles from 40% to 25%
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