Boost for ZSE as govt suspends tax on stocks

GOVERNMENT has suspended the 40% capital gains tax (CGT) on stocks sold on the Zimbabwe Stock Exchange (ZSE) to shore up trade on the bourse.

It has also halved the capital gains withholding tax to 2% on all trades that happen on the ZSE for the next six months.

The suspension and reduction in taxes is valid for six months.

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