Business Weekly hosts webinar on SMEs taxation

Event, Tax
Business Weekly, will today host a discussion on the impact of taxation on the informal sector. The discussion centres on the question: Does taxing the informal sector impede or support economic growth? The discussion comes as Government plans to introduce new taxes targeted at micro and small enterprises as well as informal operators. In his 2021 Budget presentation, Finance and Economic Development Minister Mthuli Ncube proposed to introduce a presumptive tax of an equivalent of US$30 per unit per month on businesses that operate from designated business premises where the landlords are either local authorities or private property owners such as the Gulf Complex and Kwame Mall, among others. Hairdressers, restaurants, bottle store operators will also pay presumptive tax ranging between $2 500 and $10 000 respectively. Landlords will be…
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