Zimbabwe 2020 National Budget Presented

Zimbabwe's Minister of Finance and Economic Development Honorable, Mthuli Ncube, presented the 2020 National Budget Statement to Parliament on 14 November 2019. The main tax-related measures of the Budget include the following:

• The introduction of s limitation of interest on foreign denominated loans, which provides that interest expenses on foreign loans will be allowable as deductible expenses to the extent that the foreign currency exchange rate on such loans is determined through the int…