Business groups urge Treasury to slash tax burden

LIVINGSTONE MARUFU AND CLOUDINE MATOLA Zimbabwean business organisations have urged Treasury to overhaul the country’s tax system by consolidating multiple levies, reducing the cost of formal transactions and widening the tax base, warning that excessive taxation is penalising compliant businesses while discouraging economic formalisation. The CEO Africa Roundtable (CEO ART) and the Zimbabwe National Chamber…