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Tollgate fees to be payable in forex and local currencies using the Foreign Currency Auction Rate

Tollgate

Tollgate fees to be payable in forex and local currencies using the Foreign Currency Auction Rate. The budget proposed that toll fees be payable in foreign or local currencies at the Foreign Currency Auction Rate. Under the new structure, Light Motor Vehicles will pay $2, minibuses $3, buses $4, heavy vehicles $5, haulage trucks $10 and the residential discount will be set at $10 per month.

Finance Minister Mthuli Ncube today presented a ZWL$421.6 billion budget, premised on an economic rebound which is also hinged on anticipated recovery from COVID-19. Said Ncube:

In addition, toll fees for foreign-registered vehicles will be payable in United States Dollars or equivalent in other foreign currencies, using the above rates.

The budget also proposed a PAYE tax-free threshold of ZWL$10,000 per month from ZWL$5,000 per month. It also revised the bonus tax-free threshold from ZWL$5,000 to ZWL$25,000, effective 1 November 2020.

Meanwhile, the largest allocation of ZWL$55.2 billion was made to the Ministry of Primary and Secondary Education, that also included a provision for sanitary wear for girls from disadvantaged backgrounds.

The Ministry of Lands, Agriculture, Water and Rural Resettlement was allocated ZWL$46.3 billion while the Ministry of Defence was allocated ZWL$23.8 billion.

Source – Pindula News

In other news – No amount will replace my husband says Varaidzo wife of unlawfully murder footballer Tinashe: Video

No amount will replace my husband says Varaidzo wife of murder footballer Tinashe: Video. High Court judge Justice Edith Mushore has ordered Zimbabwe Republic Police Commissioner-General Godwin Matanga, Home Affairs Minister Kazembe Kazembe and Constable Rachid Siri to pay ZWL$4.3 million to the Choto family for the unlawful shooting of Kelvin Tinashe Choto in January 2019.Varaidzo Chinyike

“No amount will replace my husband” Varaidzo Chinyike, wife to the late Tinashe Choto.
Choto, a young football player, was shot…Learn More.