Tax-free threshold raised to $5 000

Tax-free threshold raised to $5 000 Chronicle 17/7/2020   Oliver Kazunga, Senior Business Reporter Government has raised the tax-free threshold to $5 000 up from $2 000 monthly while those earning above $100 000 will pay 40 percent tax with effect from next month, Finance and Economic Development Minister Professor Mthuli Ncube said yesterday. Presenting …

Incentives to lure investors to Vic Falls bourse set

Incentives to lure investors to Vic Falls bourse set 17/7/2020 The Chronicle Harare Bureau The Government yesterday announced incentives aimed at attracting offshore capital on the Victoria Falls Securities Exchange (VFSE) to be launched soon. These include exception from certain taxes including capital gains and withholding tax on disposal of shares as well as corporate …

2pc tax extended to forex transactions

2pc tax extended to forex transactions 17/7/2020 The Chronicle Harare Bureau Treasury has extended the Intermediated Money Transfer Tax, more commonly known as the 2 percent tax, to foreign currency transactions. Earlier this year, Government legalised the use of the United States to transact alongside the local currency in a move aimed to unburdening the public …

President hands over motorcycles to boost extension officers capacity

President hands over motorcycles to boost extension officers capacity Chronicle 16/7/2020   President Mnangagwa receives motorbikes donated by Angelo Pereira World Motorcycle director (left), FSG managing director Steve Morland (centre) and Valley Seed managing director Themba Nkatazo in Harare yesterday. — Picture: Justin Mutenda Elita Chikwati, Harare Bureau The first batch of 500 motorcycles to …

Best farm model earns ZimTrade global award

Best farm model earns ZimTrade global award    Chronicle 16/7/2020 Business Reporter ZIMBABWE’S trade development and promotion agency, ZimTrade, has been nominated for the World Trade Promotion Organisation (WTPO) awards in recognition of its outstanding efforts in developing and facilitating the country’s exports. This is the first time ZimTrade and the country have been nominated …

$300 million cotton payments locked in Ecocash merchant lines 

JUST IN: $300 million cotton payments locked in Ecocash merchant lines  0  July 15, 2020 2:57 PM Source: JUST IN: $300 million cotton payments locked in Ecocash merchant lines | The Herald Herald Reporter More than 400 000 small-scale farming households are suffering badly because the Cotton Company of Zimbabwe cannot pay the $300 million it owes them …

4 customs dry ports designated

4 customs dry ports designated  0  July 16, 2020 2:04 AM Source: 4 customs dry ports designated | The Herald Minister Mthuli Ncube Business Reporter Government has designated Masvingo, Bulawayo, Makuti and Mutare as the country’s customs dry ports, according to a Statutory Instrument 55 of 2020 gazetted by Finance and Economic Development Minister Mthuli Ncube. The customs …