Fish Prices Set to Drop: Cabinet Removes 15% VAT on Fish ProductsIn a major win for food security and consumer pockets, the Government of Zimbabwe has approved the removal of Value Added Tax (VAT) on the sale of fish and fish products.

Previously set at 15%, the tax is being scrapped to make protein more affordable for the general public and to support the growing local aquaculture (fish farming) industry. This announcement was made during the latest Post-Cabinet Briefing as part of a wider strategy to lower the cost of living.

Why the VAT Removal is a Game ChangerFish is a critical source of lean protein for millions of Zimbabweans. However, the added tax often pushed retail prices out of reach for many low-income households.

Key benefits of this policy include:Cheaper Food: Consumers can expect an immediate reduction in the price of dried kapenta, tilapia (bream), and other processed fish products at supermarkets and markets. Support for Fish Farmers: Local farmers can now be more competitive against imports, as their final shelf price will be lower. Health and Nutrition: By making fish more affordable, the government is encouraging a shift toward healthier, protein-rich diets to combat malnutrition.

Impact on the "Blue Economy"The removal of the 15% VAT is expected to breathe new life into Zimbabwe’s "Blue Economy." With Lake Kariba and several inland dams already producing significant tonnages of fish, this tax break allows distributors to scale their operations without the heavy tax burden on every sale.

At a Glance: The Tax Change Product Category Old VAT Rate New VAT Rate Fish & Fish Products15% 0% (Exempt)

What Consumers Should Watch For

While the Cabinet has approved the measure, the price drop at the till may take a few days to reflect as retailers update their systems. Shoppers are encouraged to compare prices at major outlets to ensure the tax savings are being passed down to the consumer.