Proposals have been made for fiscal authorities to ensure incremental introduction of the 15 percent value added tax (VAT) on hotel accommodation of foreign tourists and implementation of other tax measures that support the recovery of the tourism and hospitality industry.
Parliamentarians who graced the 2018 budget consultations reiterated the centrality of the tourism sector in generating more foreign currency and increasing national income.
As part of recommendations calls were made to come up with measures to restore viability of the sector which is the third largest contributor to the country’s gross domestic product.
Legislators also called for an enabling environment for the growth of the sector and most importantly making local tourism products more accessible, affordable and attractive.
Environment, Tourism and Hospitality Industry Minister Cde Edgar Mbwembwe said with necessary support the sector can increase the contribution to fiscus.
Among other recommendations which emerged from the public consultations include merging of tourism promotional campaigns in order to cut budgetary requirements, a serious financial injection of at least $15 million to the Zimbabwe Tourism Authority and extension of the rebate on capital goods to cover a five year period.