The draconian two per cent tax on electronic transactions have been set aside by the High Court Judge Justice Zhou. The case was argued by Tendai Biti and the triumph victory was announced by Zimbabwe Lawyers for Human Rights on twitter just after the judgment was announced.
A general notice published by the financial gazette in October 2018 under Statutory Instrument 205 of 2018 gave effect to the new tax, which is part of Finance Minister Mthuli’s fiscal measures aimed at reversing imbalances in the country’s economy. The 2% tax is no longer operational
This new development has been a victory to citizens who held negative feeling towards the legislation.
Dr Nkululeko Sibanda (@DrNkuSibanda) Tweeted:
2% transaction tax robbery is unlawful, says the High Court in agreement with arguments by Advocate Biti @BitiTendai who is Vice President of the MDC @MDCAllianceZW. You can’t tax your way to prosperity. @MthuliNcube must be jailed for the public robbery he has been engaged in. (https://twitter.com/DrNkuSibanda/status/1174248391481733122?s=17)
Hopewell Chin’ono (@daddyhope) Tweeted:
Well done and congratulations to a lawyer and MDC Vice-President, @BitiTendai, for winning his case against @MthuliNcube’s 2% tax on all electronic transactions! The instrument that was used to promulgate the 2% tax has been set aside by High Court Judge Justice Happias Zhou! https://t.co/lveJARe4C4 (https://twitter.com/daddyhope/status/1174249662196436992?s=17)
More details to follow on the implications of the judgement.