Dear Nick what you not seeing here is the introduction of Rental tax will only increase rents for the poor if the program is planned for expansion for example an elderly couple in Kuwadzana getting income from rentals will end up loosing people and total revenue @daddyhope
RENTAL INCOME IS INCOME – AND IT MUST BE TAXED
Did you know? In Zimbabwe, as in many countries, a house that generates rental income is treated as a business.
It's simple: if a property is raising money, it should contribute to the national coffers like any other income-generating venture.
This is not a new policy—it's the law. What is new is the enforcement approach.
The Government, through ZIMRA, is now actively identifying property owners to ensure compliance. To make this effort yield immediate fruits, they have started with affluent areas where rental incomes are higher. It's a cost-benefit strategy: deploy resources where the returns make sense.
If you earn from property, expect ZIMRA to come calling. It's time to pay your dues.
#TaxCompliance #ZIMRA #RentalIncome
@JacintaNgobese 🔥🔥🔥Right now Jacinta you are spot on you identifying the root cause of mass migrationI I used to hate you but I now support your view if we as african help solv the root cause we will win