Zim grants export tax relief on raw leather
11 Jan 2019 - by
The Zimbabwe government has granted export tax relief to registered raw hide merchants in an effort to reduce the amount of unbeneficiated leather raw materials that are going to waste.
This according to a notice published in the Government Gazette following pleas from industry.
According to statistics released by the Zimbabwe National Statistics Agency (Zimstat) in 2017, close to 60% of Zimbabwe's raw hides running into millions of kilograms went to waste during the year.
According to the notice by the Ministry of Finance and Economic Development, the exemption only applies to (stockpile) amounts of raw hides that are in excess of domestic demand.