Zimra update on tax contribution in the first half of 2024

PAYE 21 percent

Excise Duty 14.4 percent

VAT 26.1 percent (VAT on Local Sales 14.72 percent & on imports 11.38 percent)

Corporate tax 8.94 percent. For the full year 2023, this tax contributed 10.87 percent, from 15.4 percent in 2022

IMTT on electronic transactions accounted for 3.4 percent, was 4.56 percent 2023, from 9 percent in 2022-ebusinessweekly