Zimbabwe 2018 Budget Presented

On 7 December 2017, Zimbabwe's Minister of Finance, Patrick Chinamasa, presented the 2018 Budget to parliament. Main measures include:

• The extension of rebate of duty facilities to various sectors and duty-free importation of additional raw materials in order to enhance competitiveness of the local industry;
• A corporate income tax exemption for power generation projects for the first 5 years of operation, with a reduced corporate tax rate of 15%, thereafter;
• The introduction of staggered ex…