Govt yet to collect wealth tax

GOVERNMENT is yet to begin collecting revenue from the introduced wealth tax targeting the affluent and other shadowy businesspersons named mbingas or zviganandas, despite its legislative approval, Finance deputy minister Kudakwashe David Mnangagwa has said.

Mnangagwa was responding to written questions in Parliament posed by Bulawayo proportional representation lawmaker Descent Bajila, who inquired about total collections for the first half of 2025.

Introduced in December 2023, the tax levies a 1% charge on the value of residential properties exceeding US$250 000, excluding a taxpayer’s primary residence.

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