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Loans
By: Mzansi on 25-Jun-10

Medical Credits
By: Quench on 19-Mar-10

Multi Currency is no Currency
By: Amos Kumwenda on 26-Dec-09

Definition of luxury Cars
By: Farai on 24-Nov-09

Upcoming Budget
By: waalad on 19-Nov-09

Import duty on capital equipment and goods
By: Chaksunlimited on 17-Oct-09

Boarder queues vs collection of taxes
By: Rugare on 08-Jun-09

Ministry of Finance Domestic Articles...

TIMB revises tobacco output upwards
28 June 2010

By Elita Chikwati

THE Tobacco Industry and Marketing Board has revised the national tobacco output target upwards by 17 percent as deliveries continue at the auction floors,

The national target for the 2009/10 tobacco season was increased from 77 million kilogrammes to 93 million kilogrammes.

If the revised target is achieved, the country could earn US$279 million at the prevailing seasonal average price of about US$3.

So far just over 80 million kg have been sold through the auction and contract system surpassing the previous target of 77 million kg.

As of Thursday last week, a total of 81,06 milli...

Multicurrency, rand or Zimdollar?
21 May 2010

ALMOST 15 months have elapsed since Zimbabwe demonetised its currency, substituting it with a multi-currency basket (US dollars, South African rand, Botswana pula, British pounds and the euro). Despite the passage of time, arguments rage on as to whether Zimbabwe should continue with the multi-currency basket, or should only utilise the rand (possibly joining a rand monetary union), or should revert to its own national currency.

Those who vigorously contend that Zimbabwe should reintroduce its own currency primarily base that contention on the premise that using other countries’ currencies constitutes a sur...

Zim-EU trade ties set to improve
12 May 2010

Business Reporter

TRADE relations between Zimbabwe and the European Union are set to improve as the economy recovers.

The two partners recorded a significant decline in trade volumes over the past few years although the EU has remained one of Zimbabwe’s major trading partners.

In a statement to mark Europe Day on Monday this week, the EU said between 2002 and 2008 exports and imports went down by 49 percent and 28 percent respectively with Zimbabwe enjoying positive trade.

"In 2008 imports from the EU amounted to 121,6 million euros, where...

Tax clearance certificates explained
15 April 2010

An ITF 263 is a Tax Clearance Certificate. It is issued to clients who are fully paid up and whose Income Tax, Value Added Tax and PAYE returns are up to date.

What is the purpose of an ITF 263?

A valid tax clearance certificate will be issued to confirm that the client's tax position is satisfactory and there is no need for the payer to withhold 10 percent tax.

Obligations of Registered Taxpayers (Section 80 of the Income Tax Act [Chapter 23.06] )

All registered business operators including Government, quasi-government and statutory corporations who enter into any contracts which result in an obligation to...

Time to get into overdrive
04 March 2010

ZIMBABWE has over the past year hosted at least six major international conferences, primarily on investment. More than a dozen local ones on rebranding, Public-Private sector Partnerships, taxation, women etcetera have been held over the same period as efforts to come up with homegrown economic solutions move into the overdrive.

This was always to be expected as the country charted a new path with the new economic dispensation that brought with it the multiple currency trading system and political congruency via the Global Political Agreement.

There was need for a meeting of minds and sharing of ideas from various perspec...

150 foreign investors pledge to inject capital into Zim
19 February 2010

Business Reporter

THE curtain came down on the African Investor Pan African Investment Summit with 150 foreign investors pledging to pour capital into in Zimbabwe.

In an interview after the summit, Ai managing director Mr Hubert Danso said the event was successful with foreign investors registering strong interest to invest in the country.

“We had about 150 foreign investors and I can say it was successful. The summit managed to attract powerful investors in tourism and related sectors and Government participation was huge, giving investors the clear political commitment that the Government of Zimbabwe has,” said Mr...

Congratulations Zimbabwe!
19 February 2010

ZIMBABWE is a great country. After going through a decade of imported political impasse, an imported sanctions regime and indeed an imported demand for Eurocentric democracy tapestries, the country has soldiered on and has now gone over the hill.

The road in the past 10 years has been bumpy, rocky, dotted with stumps, full of hairpin sharp curves and snaky as the country took its final journey to the climax of economic independence, through sustainable ownership of natural resources.

The journey to take our people to the position of being masters and shapers of their own economic destiny through indigenisation of natural re...

CEOs’ Roundtable Opens
18 February 2010

Business Reporter

THE Chief Executives’ Roundtable 2010 conference opens in Harare today with high profile decision-makers, financiers and policymakers expected to attend.

Over 500 delegates are scheduled to be at the conference, which is arguably the country’s biggest business networking event, at the Harare International Conference.

Vice President Joice Mujuru will open the conference, running under the theme "Towards Double Digit Growth, Transformational Leadership and Growth Strategies for Companies", this morning.

Deputy Prime Minister Arthur Mutambara, Minister of Economic Planning and Investment Prom...

US Congressional Delegation Expected
18 February 2010

Herald Reporter

A United States Congressional delegation is expected in Zimbabwe today to assess the implementation of the Global Political Agreement and meet with leaders of parties to the inclusive Government.

In a statement yesterday, US embassy public affairs officer Mr Tim Gerhardson said the team would assess economic reforms undertaken by the inclusive Government since its formation in February last year.

The delegation will be led by Mr Gregory Meeks (New York) and Melvin Watt (North Carolina), and comprises of Mr Andre Carson and Jack Kingston.

Australia donates 17 000 desks to Matabeleland South schools
18 February 2010

Herald Reporter

Australia has donated 17 000 desks worth about US$240 000 to the Ministry of Education, Sport, Arts and Culture for use in schools across the country.

Sigola Primary School in Matabeleland South yesterday became the first beneficiary when the Australian Ambassador to Zimbabwe Mr John Courtney made an official hand over to schools in the province.

More than 100 schools are expected to benefit. Many rural schools have a shortage of furniture.

The lap desks are portable and made of wood or hard plastic.

They are placed on the lap to provide a solid working area and are an interim solutio...