Taxation of capital gains arising from disposal of specified assets

Taxation of capital gains arising from disposal of specified assets The Chronicle 9/9/2021 Capital Gains Tax (CGT) is a tax levied on the capital gain arising from the disposal of a specified asset. Specified Asset means: – Immovable property or – Any marketable security or – Any right or title to property whether tangible or …

Lockdown relaxed to Level Two

Lockdown relaxed to Level Two The Chronicle 8/9/2021 Mashudu Netsianda, Senior Reporter PUBLIC gatherings not exceeding 100 people and inter-city travel are now permissible with businesses, including the informal sector, allowed to operate up to 7PM after Government relaxed lockdown regulations from Level Four to Level Two. The curfew, which previously ran from 6.30PM to …

Notice of embargo

Notice of embargo The Chronicle 2/9/2021 NOTICES of embargo are issued to secure goods that have passed out of customs control, in terms of Section 192 of the Customs and Excise Act Chapter 23.02 for example where a vehicle on Temporary Import Permit (TIP) breaks down, a Notice of embargo may be issued to secure …

Communal Land and the Rights of Those who Live in It

CONSTITUTION WATCH 3/2021 [27th August 2021] Communal Land and the Rights of Those who Live in It Actions by the Government in recent years have raised questions about the rights of people who live in Communal Lands in Zimbabwe. Government entities have mined diamonds in Communal Lands with scant regard for the people who live …

Public Health Lock-down Order : Extension of Lock-down

BILL WATCH 62/2021 [26th August 2021] Public Health Lock-down Order : Extension of Lock-down The thirty-third amendment to the Lock-down Order was published yesterday, the 25th August, in SI 220 of 2021, and can be accessed on the Veritas website [link].  Its effect is simply to extend the Level IV lock-down until the 7th September.  …

Problematic executive dismissals

Problematic executive dismissals The Chronicle 26/8/2021 Davies Ndumiso Sibanda, Labour Matters ONE of the most problematic things is dismissing senior managers in organisations as in most cases employers do not follow the law and end up with complex legal cases that are better settled out of court at a huge cost to the business. The …