{"id":63882,"date":"2022-08-04T13:16:33","date_gmt":"2022-08-04T11:16:33","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb"},"modified":"2022-08-04T15:27:40","modified_gmt":"2022-08-04T13:27:40","slug":"finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb","title":{"rendered":"Finance Minister Mthuli Ncube Pushes For Tax Exemption For POSB"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>Finance and Economic Development Minister, Professor Mthuli Ncube is pushing for the People\u2019s Own Savings Bank (POSB) to be exempted from paying taxes.<\/p>\n

The state-owned financial institution\u2019s predecessor, the Post Office Savings Bank, had an income tax exemption status.<\/p>\n

In the 2022 Mid-term Budget Review issued recently, Ncube also said the government had suspended an export tax on exports of un-beneficiated platinum. Reads part of the 2022 Mid-term Budget Review document seen by Pindula News:<\/p>\n

Mr. Speaker Sir, Honorable Members will recall that the Post Office Savings Bank was granted income tax exemption status<\/p>\n

in 1997, in view of its role to include the unbanked communities and also encourage savings.<\/p>\n

I, therefore, propose to extend the tax exemption to the People\u2019s Own Savings Bank, which is a successor to the Post Office Savings Bank.<\/p>\n

Ncube also announced the suspension of export tax on un-beneficiated platinum. He said:<\/p>\n

In consideration of the work in progress to establish a platinum beneficiation plant, Government suspended export tax on exports of matte.<\/p>\n

He proposed to align this policy decision to the Value Added Tax Act, with effect from 1 January 2022.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. Finance and Economic Development Minister, Professor Mthuli Ncube is pushing for the People\u2019s Own Savings Bank (POSB) to be exempted from paying taxes. The state-owned financial institution\u2019s predecessor, the Post Office Savings Bank, had an income tax exemption status. In the 2022 Mid-term Budget Review issued recently, Ncube also said the government […]<\/p>\n","protected":false},"author":84,"featured_media":63881,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[11065,1493,2189,8595,5994,19],"class_list":["post-63882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-2022-mid-term-budget-review","tag-africa-press","tag-africa-press-zimbabwe-2","tag-peoples-own-savings-bank-posb","tag-professor-mthuli-ncube","tag-zimbabwe"],"yoast_head":"\nFinance Minister Mthuli Ncube Pushes For Tax Exemption For POSB - zimbabwe<\/title>\n<meta name=\"description\" content=\"Finance and Economic Development Minister, Professor Mthuli Ncube is pushing for the People\u2019s Own Savings Bank (POSB) to ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance Minister Mthuli Ncube Pushes For Tax Exemption For POSB\" \/>\n<meta property=\"og:description\" content=\"Finance and Economic Development Minister, Professor Mthuli Ncube is pushing for the People\u2019s Own Savings Bank (POSB) to ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-04T11:16:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-04T13:27:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/08\/postQueueImg_8-62ebc922de7ff.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"389\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Finance Minister Mthuli Ncube Pushes For Tax Exemption For POSB\",\"datePublished\":\"2022-08-04T11:16:33+00:00\",\"dateModified\":\"2022-08-04T13:27:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb\"},\"wordCount\":207,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/08\/postQueueImg_8-62ebc922de7ff.jpg\",\"keywords\":[\"2022 Mid-Term Budget Review\",\"Africa Press\",\"Africa Press-Zimbabwe\",\"People\u2019s Own Savings Bank (POSB)\",\"Professor Mthuli Ncube\",\"Zimbabwe\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb\",\"name\":\"Finance Minister Mthuli Ncube Pushes For Tax Exemption For POSB - zimbabwe\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/08\/postQueueImg_8-62ebc922de7ff.jpg\",\"datePublished\":\"2022-08-04T11:16:33+00:00\",\"dateModified\":\"2022-08-04T13:27:40+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Finance and Economic Development Minister, Professor Mthuli Ncube is pushing for the People\u2019s Own Savings Bank (POSB) to ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/08\/postQueueImg_8-62ebc922de7ff.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/08\/postQueueImg_8-62ebc922de7ff.jpg\",\"width\":900,\"height\":389,\"caption\":\"Finance Minister Mthuli Ncube Pushes For Tax Exemption For POSB\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/zimbabwe\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Finance Minister Mthuli Ncube Pushes For Tax Exemption For POSB\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/\",\"name\":\"zimbabwe\",\"description\":\"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Finance Minister Mthuli Ncube Pushes For Tax Exemption For POSB - zimbabwe","description":"Finance and Economic Development Minister, Professor Mthuli Ncube is pushing for the People\u2019s Own Savings Bank (POSB) to ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb","og_locale":"en_US","og_type":"article","og_title":"Finance Minister Mthuli Ncube Pushes For Tax Exemption For POSB","og_description":"Finance and Economic Development Minister, Professor Mthuli Ncube is pushing for the People\u2019s Own Savings Bank (POSB) to ...","og_url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb","og_site_name":"zimbabwe","article_published_time":"2022-08-04T11:16:33+00:00","article_modified_time":"2022-08-04T13:27:40+00:00","og_image":[{"width":900,"height":389,"url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/08\/postQueueImg_8-62ebc922de7ff.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Finance Minister Mthuli Ncube Pushes For Tax Exemption For POSB","datePublished":"2022-08-04T11:16:33+00:00","dateModified":"2022-08-04T13:27:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb"},"wordCount":207,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/08\/postQueueImg_8-62ebc922de7ff.jpg","keywords":["2022 Mid-Term Budget Review","Africa Press","Africa Press-Zimbabwe","People\u2019s Own Savings Bank (POSB)","Professor Mthuli Ncube","Zimbabwe"],"articleSection":["all news","Economy","homepage-english","twitter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb","url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb","name":"Finance Minister Mthuli Ncube Pushes For Tax Exemption For POSB - zimbabwe","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/08\/postQueueImg_8-62ebc922de7ff.jpg","datePublished":"2022-08-04T11:16:33+00:00","dateModified":"2022-08-04T13:27:40+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Finance and Economic Development Minister, Professor Mthuli Ncube is pushing for the People\u2019s Own Savings Bank (POSB) to ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb#primaryimage","url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/08\/postQueueImg_8-62ebc922de7ff.jpg","contentUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/08\/postQueueImg_8-62ebc922de7ff.jpg","width":900,"height":389,"caption":"Finance Minister Mthuli Ncube Pushes For Tax Exemption For POSB"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/finance-minister-mthuli-ncube-pushes-for-tax-exemption-for-posb#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/zimbabwe\/"},{"@type":"ListItem","position":2,"name":"Finance Minister Mthuli Ncube Pushes For Tax Exemption For POSB"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website","url":"https:\/\/www.africa-press.net\/zimbabwe\/","name":"zimbabwe","description":"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts\/63882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/comments?post=63882"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts\/63882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/media\/63881"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/media?parent=63882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/categories?post=63882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/tags?post=63882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}