Fiscal Policy FP 2018

Cotton Fabric - Increase Customs Duty from 10%, to 30% plus $2.50 per kilogram, with effect from 1 January 2018

Budget Policy Statement 2018 December 7, 2017
Dec 2017

Clothing sector calls for an all-inclusive rebate scheme December 10, 2017

Zimbabwe Clothing Manufacturers Association (ZCMA) chairman Mr Jeremy Youmans said when CMR was implemented the Zimbabwe Revenue Authority (Zimra) imposed punitive conditions, which made it difficult for small players which make up the majority in the sector to participate and enjoy the benefits of the rebate scheme. He further said the proposed increase of Customs Duty on Cotton Fabric from 10 percent to 30 percent plus $2,50 per kilogramme (kg), with effect from 1 January 2018 was likely to increase the cost of manufacturing a garment locally by over 50 percent.