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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
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12 July 2009
Section 8 of the Income Tax Act [Chapter 23:06] provides for the taxation of all amounts which constitute gross income as defined. This includes amounts received or accrued in respect of services rendered and amounts equal to the value of an advantage or benefit in respect of employment service. Section 73 of the same Act as read with paragraph 3 of the 13th Schedule compels all employers to withhold employees tax (PAYE) from remuneration. It is, therefore, legal for the teachers’ incentives ...
11 July 2009
The current legislation does not carry an age limit. The suspension is however applied on a case by case basis upon approval by the Commissioner General. You are advised to make a written application to the Commissioner General detailing the nature of disability and the type of car you would like to import. There are basic conditions to be fulfilled and these include evidence of disability. This has to be certified by a medical practitioner. For the physically handicapped person who has to d...
09 July 2009
Your concern regarding incentives for investors and returning residents is noted and appreciated. A number of initiatives are underway to create an environment conducive to investment by local, regional and international investors. This includes a review of the customs and tax policies including a review of the rates of duty and tax. Some of these policies will be contained in the Mid-Term Fiscal Review. Rates of duty have already been reviewed downwards. The country has a number of fiscal in...
08 July 2009
The legislation that provides for the immigrant’s rebate which covers returning residents is still in place. The duty free concessions are provided for in the Customs Regulations. All household and personal effects including one motor vehicle can be imported duty free on your return provided all set conditions are met. Your spouse is also entitled to the rebate. For further details on this concession you may log onto the ZIMRA website www.zimra.co.zw or refer to Section 105 of the Customs and Ex...
30 June 2009
It is mandatory for ZIMRA to charge the rates of duty that are contained in the regulations. These rates were set by policy makers based on the circumstances that were prevailing in the country. However, since we moved to the multiple currencies, a major review was done and the current rates are actually reduced rates. As a country we have our own vehicle assembling industry which needs to be supported and to be protected. Policy decisions will therefore continue to strike a balance between t...
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QUE: is it moral and legal for Zimra (Gweru) to charge tax on teachers' incentives
TENDAI: Section 8 of the Income Tax Act [Chapter 23:06] provides for the taxati...
QUE: Does the disabled concession apply to adults only?I have a disabled daughter who need the use of a car every day and I am the primary carer,can I not use the disabled people concession to import a car?
TENDAI: The current legislation does not carry an age limit. The suspension is ...
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