Commercial Farmers' Union of Zimbabwe
Removal of goods in bonded warehouse 24/1/2019 The Chronicle What is a bonded warehouse? This is a structure built to certain specifications, approved by the Commissioner and licensed to be used as a bonded warehouse in terms of section 68 of the Customs and Excise Act. It is where imported goods that are subject …
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Reminder on final deduction system: year end procedures 10/1/2019 The Chronicle End of Year Adjustments -Employees are expected to reconcile their payrolls and ensure the correct tax is collected per employee by end of the year. – At the end of the year, the employer must make final adjustments to Pay As You Earn …
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Temporary importation for visitors’ vehicles The Chronicle 13/12/2018 The importation and regulation of such vehicles is provided for in terms of the Customs and Excise Act, Section 124 as read with the Customs and Excise (General) Regulations, SI 154 of 2001, as amended. Upon entry into Zimbabwe, a visitor bringing in a foreign …
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Duty in foreign currency The Chronicle 29/11/2018 With effect from 23 November 2018 duty on importation of selected items including Surtax, Presumptive Tax and Value Added Tax payable on importation duty on importation will be paid in foreign currency. This is in terms of Statutory Instrument (S.I.) Number 252A of 2018. Goods covered …
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