Commercial Farmers' Union of Zimbabwe
Call to refine new Companies Act Sunday mail 16/2/2020 Tawanda Musarurwa Senior Business Reporter Legal experts say drafters of the Companies and Other Business Entities Act (Chapter 24:31) need to re-look at some of its provisions that are unclear. The new Companies Act, which will repeal the Companies Act (Chapter 24:03), is expected to come …
A peek into the newly-formed Zida Herald 13/2/2020 The agricultural sector is one of the areas which offer investors vast opportunities for huge returns in Zimbabwe Lovemore Chikova Development Matrix The establishment of the Zimbabwe Investment and Development Agency (ZIDA) following the signing of the attendant law by President Mnangagwa, which was published last …
Zimra clears the air on Capital Gains Tax 0 January 31, 2020 5:06 PM Source: Zimra clears the air on Capital Gains Tax – NewsDay Zimbabwe January 31, 2020 BY PRAISEMORE SITHOLE THE Zimbabwe Revenue Authority (Zimra) has said couples intending to sell their jointly-owned matrimonial houses are obliged to pay double Capital Gains Tax, with each of the …
One to one for USD debts . . . Supreme Court makes landmark ruling Chronicle 22/1/2020 Chief Justice Luke Malaba Mashudu Netsianda, Senior Reporter THE Supreme Court has ruled that debts which were incurred in United States dollars before new regulations came into force on February 22 last year can be discharged in local …
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Change of VAT rate on imports Chronicle 16/1/2020 Zimbabwe Revenue Authority WITH effect from 1 January 2020, the rate of value added tax on standard rated goods was reduced from 15 percent to 14,5 percent. What is the effect of the change on imported goods? If the goods being imported are subjected to value …
Understanding vat categories and due dates Chronicle 12/12/2019 Value Added Tax registered operators are required to furnish to the Commissioner a VAT 7 return showing tax payable or refundable. It is an obligation of the registered operator to timely submit and pay VAT within the due date. 1. Value added tax categories – “Category …
What Finance Bill No 3 entails 0 December 11, 2019 4:45 PM Source: What Finance Bill No 3 entails – NewsDay Zimbabwe December 11, 2019 ONE of the two areas the 2020 national budget focuses on is jobs, specifically, unemployment and underemployment among mainly the youth. BY TATIRA ZWINOIRA In his budget presentation last month, Finance minister Mthuli Ncube …
Requirements for exemptions on change of ownership on second-hand motor vehicles Chronicle 28/11/2019 ZIMRA There are exemptions from payment of special excise duty on change of ownership. Special excise duty is not payable under the following sale, transfer or disposal: – By way of inheritance; -To a Private Voluntary Organisation (PVO); – Between married …
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Gwayi-Shangani Dam project allocated $400m in Budget Chonicle 15/11/2019 Nqobile Tshili, Chronicle Reporter THE Gwayi-Shangani Dam in Matabeleland North province, one of the strategic development projects under the water and sanitation cluster, has been allocated $400 million in the 2020 National Budget, the Minister of Finance and Economic Development, Professor Mthuli Ncube, said yesterday. Prof …
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Minister tackles subsidy distortions Chronicle 15/11/2019 Minister Mthuli Ncube Prosper Ndlovu, Business Editor TREASURY has adopted a targeted subsidy model to curb market distortions arising from the previous blanket subsidy schemes that were being abused by some sectors of the economy. The measure includes application of a single exchange rate system to further remove unbudgeted …