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Brace for higher prices as Govt targets small businesses for tax collection

Consumers should brace themselves for higher prices as the government focuses on small businesses for tax collection after Finance and Economic Minister Professor Mthuli Ncube proposed lowering the Value Added Tax (VAT) threshold from US$40 000 to US$25 000, requiring operations that meet the limit to pay VAT or face penalties. This means small businesses [โ€ฆ]