The Zimbabwe Stock Exchange (ZSE) closed last week after the market participants failed to resolve a tax dispute with the Zimbabwean Revenue Authority (ZIMRA). Dealers were pondering legal action against ZIMRA as they face insolvency if backdated tax claims are pressed. Trading on the ZSE was suspended on Wednesday last week.
Zimbabwe Taxman Shuts Down Stock Exchange
The Zimbabwe Stock Exchange (ZSE) closed last week after the market participants failed to resolve a tax dispute with the Zimbabwean Revenue Authority (ZIMRA). Dealers were pondering legal action against ZIMRA as they face insolvency if backdated tax claims are
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