Role of Zim Investment and Development Agency

Role of Zim Investment and Development Agency  Herald 10/9/2020   Zimbabwe Investment and Development Agency Godknows Hofisi The Zimbabwe Investment and Development Agency (ZIDA) was established in terms of the Zimbabwe Investment and Development Agency Act (Chapter 14:37), “ZIDA Act” or “the Act”. The Act was published in the Government Gazette in February 2020, becoming …

Deduction of input tax

Deduction of input tax  Herald 10/9/2020   It is important to note that the deductions are only permissible when one holds a valid tax invoice Value Added Tax (VAT) is an invoice based tax. The tax invoice generated on both cash and credit transactions is the source document. Registered operators are allowed to deduct the …

Evaluating the RBZ’s mid-term policy

Evaluating the RBZ’s mid-term policy Independent 4/9/2020 THE mid-term monetary policy was delivered on August 21, 2020, by the Reserve Bank of Zimbabwe (RBZ) with an urgent need to support the recently launched Foreign Exchange Auction System and stabilise prices in the market. Incessant price increases have seen a steep rise in annual inflation rate …

Bill to effect fiscal changes gazetted

Bill to effect fiscal changes gazetted  0  August 31, 2020 11:31 AM Source: Bill to effect fiscal changes gazetted | Herald (Business) Minister Ncube (file pic) Herald Reporter THE Government has gazetted the Finance Bill (H.B.4, 2020) to give effect to the fiscal changes proposed by Finance and Economic Development Minister Professor Mthuli Ncube when he presented …

The role and rights of directors, shareholders

The role and rights of directors, shareholders  Herald 6/8/2020   Through owning shares, shareholders are entitled to make and vote on certain company decisions and to receive dividends. Godknows Hofisi This article seeks to explain a seemingly simple area, which is, however, not understood by many people. With respect, many people tend to confuse the …

Preparation and filing of annual returns

Preparation and filing of annual returns Herald 30/7/2020   Godknows Hofisi Many companies, especially private ones are in default as regards the preparation and filing of annual returns. This article seeks to give insights into the filing of annual returns based on Section 165 of the Companies and Other Business Entities Act (Chapter 24:31) or …