Home Business and Technology Zimra collects $7,5m car import duty in 12 days

Zimra collects $7,5m car import duty in 12 days

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The Zimbabwe Revenue Authority (Zimra) collected $7, 5million in 12 days in car import duty at Beitbridge as vehicle dealers acted on rumours that Government intends to introduce duty in US dollars.

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The dealers resorted to buying cars with bigger engines as a way of keeping their money on valuable properties.

Under normal circumstances Zimra collects an average of $8, 5 million monthly. However, as a result of the panic daily imports from the neighbouring country have increased to between 500 and 700 cars.

Source – Herald

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