Authorised Economic Operator (AEO) Programme

Authorised Economic Operator (AEO) Programme   6/6/2019 The Chronicle Customs – Business Relationship In line with international best practice and the Customs and Excise Act [Chapter 23:02] section 216B, Zimbabwe has implemented the Authorised Economic Operator (AEO) programme. 1. Authorised Economic Operator (AEO) – AEO is a programme under the World Customs Organisation (WCO) SAFE …

Property rights and the Marriages Bill

Property rights and the Marriages Bill   5/6/2019 The Herald The current debate on the proposed Marriages Bill has re-ignited the issue of property rights during marriage. It is an issue that is closely linked to marriage itself. Properties are central in any marriage; whether civil or customary. In Zimbabwe, the law that governs the …

Treatment of remuneration for employees’ tax (PAYE) purposes

Treatment of remuneration for employees’ tax (PAYE) purposes   30/5/2019 The Chronicle Every employer who pays or grants any remuneration to an employee is required to deduct Employees Tax (PAYE) and remit it to the Zimbabwe Revenue Authority within the periods given in terms of Section 73 as read with the Thirteenth Schedule of the …

Exemption from special excise duty on change of ownership of inherited motor vehicles

Exemption from special excise duty on change of ownership of inherited motor vehicles   23/5/2019 The Chronicle When there is a disposal of a second hand motor vehicle from one person to another, Special Excise Duty shall be charged, levied and collected, for the benefit of the Consolidated Revenue Fund. Special Excise Duty is based …

Rebate of Duty on goods imported for religious purposes

Rebate of Duty on goods imported for religious purposes   9/5/2019 The Chronicle The Customs and Excise (General) Regulations, as published Statutory Instrument 154 of 2001 section 127, provides for a rebate of duty for goods imported for religious purposes by religious organisations.  This means that such goods imported by a religious organisation enjoy duty …

Understanding specified assets for the purposes of calculating capital gains tax 2

Understanding specified assets for the purposes of calculating capital gains tax   2/5/2019 The Chronicle What is Capital Gains Tax?  Capital Gains Tax (CGT) is tax that is levied on the capital gain arising from the disposal of a specified asset. Capital gains tax is administered through the Capital Gains Tax Act [Chapter 23:01].  What …

Supreme Court appeal rules modified

Supreme Court appeal rules modified   29/4/2019 The Herald Fidelis Munyoro Chief Court Reporter The Prosecutor-General’s Office is now required to file application for leave to appeal against a decision of the High Court within 10 days after the judgment, according to the modified Supreme Court Rules made public recently. According to the Statutory Instrument …