ED tightens screws on forex speculation

ED tightens screws on forex speculation – NewsDay Zimbabwe 28/5/2021 BY EVERSON MUSHAVA GOVERNMENT yesterday gazetted new regulations that criminalise the conduct of charging above the official exchange rate and refusing to take the Zimdollar in local transactions. Companies that also abuse the foreign currency obtained at the Reserve Bank of Zimbabwe’s auction will also …

Kwekwe begins localised lockdown

Kwekwe begins localised lockdown  0  May 25, 2021 2:57 PM Source: Kwekwe begins localised lockdown | The Herald Freedom Mupanedemo Midlands Bureau Kwekwe City’s intensified localised lockdown came into full swing yesterday, with a heavy police presence in the central business district, coupled with strict enforcement of existing general Covid-19 regulations for those entering shops and banking halls. …

Payment of Pay As You Earn (PAYE) in foreign and local currency

Payment of Pay As You Earn (PAYE) in foreign and local currency Chronicle 20/5/2021   Zimra advises its valued clients that Section 4A of the Finance Act (Chapter 23:04) states that a person whose taxable income from employment is earned in whole or in part in a foreign currency shall pay tax in the same …

Special Excise Duty On Change Of Ownership Of Second-Hand Motor Vehicles

Special Excise Duty On Change Of Ownership Of Second-Hand Motor Vehicles   Chronicle 13/5/2021  What is Special Excise Duty? Special Excise Duty is charged in terms of Section 172B of the Customs and Excise Act [Chapter 23:02]). It is a tax levied on sale, transfer or disposal of second-hand motor vehicles on change of ownership. …