Governement pays US$64m to white former farmers

Governement pays US$64m to white former farmers   16/5/2019 The Chronicle Eita Chikwati, Harare Bureau GOVERNMENT has to date paid US$64,4 million to 93 former commercial farmers for the improvements they made on reallocated farms, a senior official has said. Presenting a Ministerial Statement on the State of Economy in Parliament last night, Finance and Economic …

FARM COMPENSATION TO COST AT LEAST US$10BN.

FARM COMPENSATION TO COST AT LEAST US$10BN.  Independent 10/5/2019 GOVERNMENT’S decision to offer RTGSS53 million in compensation to white farmers who were dispossessed of their land has been met with mixed reactions. While some of the ex-farmers who are now in dire straits after being plunged into poverty at the turn of the millennium, the …

Compassionate leave remains a problem

Compassionate leave remains a problem   9/5/2019 The Chronicle Davies Ndumiso Sibanda, Labour Matters MANY employers and employees have had labour relations damage causing conflict related to compassionate leave especially cases related to death. Section 14B(8) of the Labour Act Chapter 28:01 provides for special leave on full pay for days not exceeding 12 days in …

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 …

White farmers compensation inadvertently exposes Ncube

 White farmers compensation inadvertently exposes Ncube  The Brett Chulu Column  Zimbabwe Independent 17 April 2019  WHILE I am delighted that the gov­ernment seems to be taking on board most of the advice this column and many other platforms have been ar­ticulating on the matter of compen­sation for the forcibly acquired farms, the joint statement by …

900 white farmers register for compensation

900 white farmers register for compensation   3/5/2019 The Chronicle Felex Share, Harare Bureau AT least 900 white former commercial farmers who lost land during the country’s agrarian reform have registered for compensation as Government intensifies efforts to pay them for improvements they made on the farms. Government has allocated $53 million in the national budget …

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 …