By Own Correspondent| Presenting his 2019 National Budget, Finance Minister Mthuli Ncube proposed to broaden his tax collection base bemoaning the fact that foreign operators are taking advantage of technology to provide services to local individuals withoit contributing anything to the fiscus.

Said Ncube:

“Mr Speaker Sir, technological advancements have enabled foreign companies, particularly satellite broadcasters and e-commerce platforms to provide local residents with services from offshore sources.

This income is subject to tax and the activity generating the income is actually paid from a source within Zimbabwe.

For the avoidance of doubt and in order to broaden the tax base, I propose to deem income earned by such non-resident service providers to be from a source within the country and liable to tax.”