On 22 November 2018, Zimbabwe's Minister of Finance, Mthuli Ncube, presented the 2019 National Budget Statement to parliament. The main measures of the budget are summarized as follows:
- The amendment of the transfer pricing legislative requirements to promote compliance, including:
- New penalties, on a graduating scale, for failing to comply with stipulated requirements, which includes penalties equal to a percentage of the tax shortfall resulting from an adjustment:
- 10% in cases where the ta…
- New penalties, on a graduating scale, for failing to comply with stipulated requirements, which includes penalties equal to a percentage of the tax shortfall resulting from an adjustment: