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	<title>Forexchange &#187; Zimbabwe</title>
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		<title>Zimbabwe plans all taxes in Forex</title>
		<link>http://www.euroexchangerate.info/2009/01/zimbabwe-plans-all-taxes-in-forex/</link>
		<comments>http://www.euroexchangerate.info/2009/01/zimbabwe-plans-all-taxes-in-forex/#comments</comments>
		<pubDate>Fri, 30 Jan 2009 20:51:49 +0000</pubDate>
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				<category><![CDATA[Zimbabwe]]></category>
		<category><![CDATA[tax]]></category>

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Zimbabwe is worried as other African nations are due to declining export and the inflow of Forex is going down each week.
Government has planned a new way of improving the situation. It is changing the tax rules and it will accept the import duties and taxes in Forex only. It is being viewed as extra [...]]]></description>
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<p>Zimbabwe is worried as other African nations are due to declining export and the inflow of Forex is going down each week.</p>
<p>Government has planned a new way of improving the situation. It is changing the tax rules and it will accept the import duties and taxes in Forex only. It is being viewed as extra burden on industries which are based on import products. Even VAT will be accepted in dollars only. There are some major industries which are affected by the new rule and it is expected that it will generate the Forex from within the country. Although it is not being seen as good move because in a way, it creates the financial difficulties for companies. It adds more burden to the taxes and although government can fulfill the targets but it is going to create ripple effect.</p>
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