Tax cut to boost stock market activity

LIVINGSTONE MARUFU Government has taken a significant step to invigorate trading activity on the Zimbabwe Stock Exchange (ZSE) by reducing the Capital Gains Withholding Tax (CGWT) rate from 4% to a flat 1%, Business Times can report. This measure, introduced under the Finance Act [Chapter 23:04], Act No.7 of 2024, became effective on December 28,…