Zimbabwe May Suspend Plan to Restrict Informal Trade, Raise VAT

Zimbabwe may suspend a move that forces businesses to procure goods from tax compliant and licensed entities, the Confederation of Zimbabwe Industries said in a note to members.

Sekai Kuvarika, chief executive officer of the industry lobbying group, met with government officials on Saturday to discuss the measures, which came into effect on Jan. 1. Businesses are now expected to buy from registered organizations and cut out middlemen.