Mthuli piles more misery on Zimbos

FINANCE minister Mthuli Ncube yesterday dampened the hopes for a merry Christmas for the majority Zimbabweans after he reviewed the tax-free threshold to $10 000, about half the cost of a monthly basket for an average family of five estimated at $20 000 and made it effective January 1 2021.

The tax-free threshold was doubled from $5 000 announced in the 2020 Mid-Term Budget and Economic Review last July.

Expectations were high that the national budget presented yesterday would give consumers relief after a difficult year, through the review of the tax-free tax bands in line with the poverty line.

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