Harare wants to Formalize its Economy and Boost Business Stability Using these Reforms
Zimbabwe is taking bold measures to form a formalized economy and create a more sustainable business environment. Minister of Finance Mthuli NCube announced a new policy aimed at curbing the dominant position of informal departments and threatening formal enterprises. In order to improve tax compliance and simplify the retail business, all informal traders must use sales point machines, and manufacturers will not encourage wholesalers. The team between institutions will perform these measures and supplement the recent efforts to regulate import measures. With one of the world’s largest non -formal economies in the world, Zimbabwe marks the gradual transformation of economic stability and more structural business structure.
source: Bloomberg
