REPORT ON THE IMPACT OF THE PREVAILING ECONOMIC ENVIRONMENT ON THE WHOLESALE AND RETAIL INDUSTRY [download]

Highlights

The Committee established that registered businesses are forced to comply with tax laws while the informal sector evades tax, which certainly leaves the former at a price-competitive disadvantage. In addition, a taxation regime was heavy on formal businesses, creating incentives for informalisation. The retail and wholesale associations informed the Committee that their members face significant costs in their efforts to remain compliant with Zimbabwe's tax and regulatory environment.

The Committee established that registered businesses are forced to comply with tax laws while the informal sector evades tax, which certainly leaves the former at a price-competitive disadvantage. In addition, a taxation regime was heavy on formal businesses, creating incentives for informalisation.

The retail and wholesale associations informed the Committee that their members face significant costs in their efforts to remain compliant with Zimbabwe’s tax and regulatory environment.

Report on the Wholesalers and Retailers Download