The stand-off between the Zimbabwean tax collectors and the Zimbabwean stock exchange came to an end today as trading resumed at 11.45 am. Stockbrokers have agreed to collect VAT on commission on both buy and sell deals at a rate of 15%. This is on top of Stamp Duty at 2% and withholding tax at 5%. In hyper-inflationary Zimbabwe, the basic charge is Z$50,000.00, and transfer charges are levied at the same price.
Trading Resumes On Zimbabwe Stock Exchange
The stand off between the Zimbabwean tax collectors and the Zimbabwean stock exchange came to an end today as trading resumed at 11.45 am. Stockbrokers have agreed to collect VAT on commission on both buy and sell deals at a
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