Online Reporter
Nqobile Bhebhe,Zimpapers Business Hub
Simbisa Brands Limited paid close to US$1 million to the Zimbabwe Revenue Authority (ZIMRA) in Fast-Food Tax between January and June 2025, demonstrating its commitment to compliance and national development, while maintaining competitiveness in a challenging economic environment.
In its latest financial year results, the Group said it had absorbed the full impact of the Fast-Food Tax introduced in January 2025.
“Between January and June 2025, Simbisa contributed close to US$1 million in Fast-Food Tax to the Zimbabwe Revenue Authority (ZIMRA). This substantial contribution underscores Simbisa’s position as the leading formal sector player, committed to transparency and compliance whilst supporting national development through our tax contributions,” said the group.
The tax, implemented at the beginning of the year, is levied on a per-unit basis for various fast-foods and is aimed to generate revenue for the Government.
Additionally, the tax is meant to promote healthy eating and combating the rise of obesity and non-communicable diseases.
It is charged on fast foods such as pizza, burgers, French fries and doughnuts.
