Commercial Farmers' Union of Zimbabwe
Submission of tax returns on employment income Herald 7/1/2021 Employers are required to extract from their payrolls the ITF 16 return and submit to ZIMRA by 30 January 2021. The ITF16 is the return for employment income which is based on remuneration received and accrued in 2020. Please note that 2020 year of assessment …
The 2021 National Budget Statement The 2021 National Budget Highlights
Zimra warns tax evading businesses 0 November 29, 2020 9:30 AM Source: Zimra warns tax evading businesses | Sunday News (local news) Munyaradzi Musiiwa, Sunday News Reporter The Zimbabwe Revenue Authority (Zimra) has warned business operators who have not been declaring sales made in foreign currency in order to short change the taxman by harvesting hard currency …
Govt to centralise control of State firms Herald 27/11/2020 Professor Ncube Martin Kadzere Senior Business Reporter THE Government will adopt a centralised ownership model for State-owned enterprises (SOEs) to eliminate inconsistencies in governance and ministerial interferences, Finance and Economic Development Minister Professor Mthuli Ncube said yesterday. Zimbabwe has a decentralised SEPs ownership model, where the …
A growth-centred Budget The Herald 27/11/2020 Tawanda Musarurwa Senior Business Reporter Boosting production, getting infrastructure fixed and expanded, supporting the vulnerable and increasing the spending power of ordinary people are the main planks of the 2021 National Budget presented by Finance and Economic Development Minister Professor Mthuli Ncube yesterday. In addition, as the minister stressed, …
Tax Clearance Certificate Herald 26/10/2020 A Tax Clearance Certificate is a certificate (ITF 263) issued by the Commissioner General of the Zimbabwe Revenue Authority (ZIMRA) to a taxpayer as confirmation that their tax affairs are up to date or has made satisfactory arrangements with their nearest ZIMRA to update their tax obligations. Benefits of …
Authorised Economic Operator programme Herald 29/10/2020 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. Authorised Economic Operator (AEO) AEO is a programme under the World Customs Organisation (WCO) SAFE Framework of Standards to secure and enhance international …
Submissions by the Commercial Farmers’ Union of Zimbabwe to the National Budget Consultations 2020/21
Agricultural goods imported free of duty
Govt unveils foreign currency income tax thresholds Herald 14/9/2020 Minister Ncube Business Reporter Treasury has unveiled foreign currency denominated income tax bands that will see the tax free threshold pegged at US$350 while the highest bracket will be for those earning more than US$15 000 per month, who will be taxed at 40 percent. …
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