Benefits of Tax Compliance

Benefits of Tax Compliance April 14, 2016 Business Did you know that you can avoid unnecessary penalties and interest by following basic tax and duty compliance requirements? Statutory Requirements for Corporate Income Tax Income Tax is tax levied on the profits of a business at 25% plus 3% Aids Levy. This tax is paid every quarter based on projected …

Horticultural products exports to EU up

ZHorticultural products exports to EU up April 14, 2016 Business Tinashe Makichi : Business Reporter Zimbabwe realised about $54 million from exports of horticultural products to the European Union in 2015 which is an increase from $49 million recorded in 2014, according to figures availed by ZimTrade. Zimbabwe’s major export destinations in the EU were United Kingdom, Netherlands, …

Bulawayo embraces quail bird production

Bulawayo embraces quail bird production April 14, 2016 Business Oliver Kazunga, Senior Business ReporterQUAIL bird production has come into Bulawayo with several poultry producers embracing the trade. Quails (Izagwaca/zvihuta) are seen mostly during the rainy season in most parts of rural Zimbabwe and the birds are also found in different parts of the world including Europe and Asia. …

Erratic rains reduce cotton output

Erratic rains reduce cotton output April 13, 2016 Business Martin Kadzere : Senior Business Reporter ZIMBABWE’S cotton output is expected to drop due to erratic rainfall caused by the El Niño phenomenon and late disbursements of inputs, farmer organisations have said. While farmers received some free inputs under Government’s input support programme, the yields will not match the …

INVESTOR FOG LIFTED . . . President clarifies Indigenisation Policy . . . Zhuwao slap on the wrist over banks

INVESTOR FOG LIFTED . . . President clarifies Indigenisation Policy . . . Zhuwao slap on the wrist over banks April 13, 2016 Headlines, Top Stories President Mugabe Happiness Zengeni and Golden Sibanda Harare BureauPRESIDENT Robert Mugabe has moved in to clarify the confusion over the interpretation of the indigenisation law, which he said had undermined market confidence …

Seed Co introduces new fast growing varieties

Seed Co introduces new fast growing varieties April 12, 2016 Business Melody Mashaire : Business Reporter Seed Co Zimbabwe has introduced new fast growing seed varieties to mitigate against the effects of climate change, an official has said. Addressing delegates and farmers at a field day in Shamva, Seed Co Zimbabwe managing director Mr Denias Zaranyika said the …

Govt, EU clash over trophy hunting

Govt, EU clash over trophy hunting April 12, 2016 Local News Minister Muchinguri-Kashiri Samantha Chigogo Herald CorrespondentGovernment is against the European Union’s call to ban the importation of trophies hunted from Zimbabwe saying the move has major repercussions on the country’s economy, a Cabinet Minister has said. This comes as Zimbabwe is severely affected by the ban …

Abattoirs call for levy waiver on raw hides

Abattoirs call for levy waiver on raw hides April 12, 2016 Business Bianca Mlilo Business ReporterABATTOIRS in Bulawayo have called for an urgent waiver of the fifth quarter levy as they are now failing to export due to the severe tax regime. The abattoirs said thousands of raw hides were rotting at their warehouses. In 2014, the …