Dollar

In a move aimed at supporting the transition to the new Zimbabwe Gold (ZIG) currency, Finance and Economic Development Minister Mthuli Ncube has announced more flexible guidelines for the payment of corporate income tax. In a statement, Ncube said companies will now be able to pay their 2024 second quarter corporate income tax obligations on a 50/50 basis using both the local ZIG currency and foreign currency. This represents a departure from the previous requirement for tax payments to align with a company’s currency of trade. “The more stable economic environment ushered in by the new Zimbabwe Gold currency has…