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More people contract Covid-19 in Zimbabwe #ZimMatters #covid-19Update
30/04/2020

More people contract Covid-19 in Zimbabwe #ZimMatters #covid-19Update

25/04/2020

Force Judgement Haunts Tax Court
INCONSISTENT government policy and a February court ruling on debts are now constituting a time-bomb, threatening the huge backlog of tax-related cases, which the judiciary is battling to clear due to a lack of qualified judges.

The Special Court for Income Tax Appeals and Fiscal Court of Appeal are struggling to clear the backlog of cases numbering around 50. This has been worsened by Zimbabwe’s long-standing currency conundrum.

The two specialist tribunals were instituted in July 1995 to adjudicate on tax-related matters arising against the Zimbabwe Revenue Authority (Zimra), including value-added tax, customs and excise duty cases. The courts last functioned properly in 1999.

Prominent lawyer and Commercial Arbitration Centre chairperson Muchadeyi Masunda told businessdigest last week that cases arising from Zimbabwe’s currency turmoil are now flooding the Constitutional Court.

While most of the cases date back more than a decade ago, Masunda said following a high-profile matter involving a private company, NR Barber Ltd, there is less likelihood of the tax courts substantively concluding such cases as they will keep coming back.

Masunda said the NR Barber case, still pending in court since February, will set a precedent for other matters.NR Barber, locked in a legal battle with Zambezi Gas Zimbabwe Ltd over a US$3,8 million debt, sought the Constitutional Court’s intervention following a ruling by the Supreme Court that all debts incurred before February 22, 2019 be settled using the local currency on a one-to-one basis.

“It’s going to be bone of contention in a number a cases, just that the judgments are not being handed down timeously due to a lack of qualified judges to handle these matters. But I tell you it’s certainly going to be an issue that will be brought up. Remember the Barber case. Those are the sorts of issues that are being raised at the Constitutional Court,” Masunda said.

“Unfortunately, (Chief Justice Luke) Malaba was one

24/04/2020

Prices of Basic Goods go Down!
Prices of basic food items — including maize-meal, rice, cooking oil, sugar, salt, flour and bread — will revert to the levels of March 25, just before the lockdown, in an agreement between producers and the Government, Vice President Kembo Mohadi announced yesterday.

VP Mohadi, in the presence of the leaders of the involved business organisations, made the announcement at a press briefing at Munhumutapa Offices. The Vice President said the two sides had agreed that prices of basic commodities would revert to the levels they had reached on March 25.

This was when the Reserve Bank of Zimbabwe fixed the interbank exchange rate at $25 to US$1 for the duration of the Covid-19 emergency, the level it had reached in free trading in a managed float.

The chosen date means that the price rises caused by the rising rate during the managed float remain, but the extra price rises put in by producers in expectation of further rises in the exchange rate now fall away since for the time being there are no further rate changes.

The announcement followed the adoption of the price moratorium by Cabinet on Tuesday.

“There was a general agreement among the multi-sectoral partners that the price increase, particularly during the lockdown, was speculative and unjustified,” said the Vice President.

“The multi-sectoral stakeholders committed to a price moratorium to operate based on the prices, which were applicable on March 25. The moratorium will also apply to all value chain players. This was supported by Cabinet decision of April 21, 2020 and will take effect immediately,” VP Mohadi said.

Speaking soon after the announcement by VP Mohadi, Oil Expressers Association of Zimbabwe president Mr Roderick Musiyiwa welcomed Government’s stance on dialogue.

“We as the OEAZ indeed welcome the spirit with which Government is doing its business, the spirit of engagement, the spirit of dialogue and with that kind of spirit any challenges, however big will be resolved and solutions will be

Zimbabwe Records 4th Covid-19 deathZimbabwe has recorded its fourth death from COVID-19, the respiratory disease caused ...
23/04/2020

Zimbabwe Records 4th Covid-19 death
Zimbabwe has recorded its fourth death from COVID-19, the respiratory disease caused by the new coronavirus.

Health and Child Care Development Minister Obadiah Moyo confirmed the death while speaking on the sidelines of a WHO donation of PPE and a PCR machine in Harare this Wednesday, telling reporters that contact tracing of the case is in progress. Said Moyo:
The patient was an 82-year-old woman from Mhondoro, Mashonaland West province, and died at Westend hospital, Harare, bringing to 4 the total number of Covid-19 deaths in the country. She passed away around 2 AM.

Dr Margaret Maulana Executive Director Health Care Services Premier Service Medical Investments said they have now closed the casualty area and the WestEnd hospital has been fumigated.

As of 21 April, Zimbabwe had recorded 28 COVID-19 cases, with three deaths and two recoveries

Lockdown extendend by 2 more weeks. Stay Informed, keep Safe.#Stayhome #keep safe #socialdistancing #ZimMatters #coronav...
23/04/2020

Lockdown extendend by 2 more weeks. Stay Informed, keep Safe.
#Stayhome #keep safe #socialdistancing #ZimMatters #coronavirus #covid19

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23/04/2020

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23/04/2020

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Suspension of duty on sanitary wear for womenDid you know that there is no customs duty on the importation of sanitary w...
20/06/2019
Suspension of duty on sanitary wear for women

Suspension of duty on sanitary wear for women

Did you know that there is no customs duty on the importation of sanitary wear for women? The price of sanitary wear in Zimbabwe shoot up beyond the reach of many women forcing them to use unhygienic materials that expose them to infections and other health related problems. In response to the plight of women, the government scrapped duty and Value Added Tax (VAT) on sanitary wear to make it affordable and to promote hygiene for women.


Statutory Instrument 264 of 2018 provides for a suspension of duty on sanitary wear for women for importations done during the period 01 December 2018 to 30 November 2019. This means that no customs duty will be charged on importation of sanitary wear.


In addition, the sanitary wear is exempted from paying import VAT, meaning that VAT is not charged in terms of Statutory Instrument 265 of 2018.

Examples of sanitary wear covered under this exemption include products like sanitary towels and tampons. Only sanitary wear which fall under the following tariff codes is exempted from paying duty.

- 9619.00.10 (Tampons)

- 9619.00.40 (Sanitary towels)

- 9619.00.90 (Other sanitary wear).



It should be noted that any products that is sanitary wear of any other chapter than 96 will attract the applicable duty.

Disclaimer

This article was compiled by the Zimbabwe Revenue Authority for information purposes only. ZIMRA shall not accept responsibility for loss or damage arising from use of material in this article and no liability will attach to the Zimbabwe Revenue Authority, (ZIMRA).



To contact ZIMRA:



WhatsApp line : +263 782 729 862

Visit our website : www. zimra.co.zw

Follow us on Twitter : @Zimra_11

Like us on Facebook : www.facebook.com/ZIMRA.11

Send us an e-mail : [email protected] / [email protected]

Call us (Head Office) : 04 –758891/5; 790813; 790814; 781345; 751624; 752731

e-TIP :

https://www.zimra.co.zw/index.php?option=com_content&view=article&id=2973:suspension-of-duty-on-sanitary-wear-for-women&catid=21:taxmans-corner&Itemid=91

Website of the Zimbabwe Revenue Authority (ZIMRA) - News, Notices, Taxation and Service Information, Forms, etc.

TREATMENT OF REMUNERATION FOR EMPLOYEES’ TAX (PAYE) PURPOSESEvery employer who pays or grants any remuneration to an emp...
13/06/2019
TREATMENT OF REMUNERATION FOR EMPLOYEES’ TAX (PAYE) PURPOSES

TREATMENT OF REMUNERATION FOR EMPLOYEES’ TAX (PAYE) PURPOSES

Every employer who pays or grants any remuneration to an employee is required to deduct Employees Tax (PAYE) and remit it to the Zimbabwe Revenue Authority (ZIMRA) within the periods given in terms of Section 73 as read with the Thirteenth Schedule of the Income Tax Act.

What constitutes remuneration for employees’ tax purposes?
The term “remuneration” covers a number of aspects which may be paid or granted by the employer to any employee as part of their conditions of employment and includes; any amount of income received by the employee by way of salary, leave pay, allowance, wage, overtime pay, benefits or advantages, whether in cash or otherwise.

The definition of remuneration also includes amounts received in the form of:

 Annuities for services rendered
 withdrawal from or winding up of a benefit, pension or unapproved fund
 an amount equal to the value of an advantage or benefit in respect of employment, service, office or other gainful occupation or in connection with the taking up or termination of employment, service, office or other gainful occupation.
From the above, it should be highlighted that the term generally covers the majority of fringe benefits enjoyed by employees as part of their conditions of employment.

What is excluded from remuneration?
 Amounts paid or payable to any person in the course of any trade conducted by him independently. An example is consultancy services or other business income. However, commissions earned by insurance agents and estate agents constitute remuneration subject to PAYE.
 Any amount of director’s fees paid or payable to any individual by any company in respect of services rendered or to be rendered by such individual to such company if no other amounts constituting remuneration in terms of the definition given above have been paid or become payable to such individual by such company.
 Fees paid or payable to the chairman or a member of a board of any statutory corporation in respect of services rendered or to be rendered by such chairman or member on such board if no other amounts constituting remuneration in terms of the definition given above have been paid or become payable to such chairman or member by such statutory corporation.
 Any amount exempt from income tax
 Any amount paid or payable out of moneys of a partnership to a person who is a member of that partnership.
 Any amount paid or payable to an employee wholly in reimbursement of expenditure actually incurred by such employee in the course of his employment.
 Any amount which is paid or payable to a person by way of a commutation of a pension or annuity and which does not form part of that person’s gross income.
 Any amount which the Commissioner-General directs or prescribes shall not be remuneration for the purposes of this Schedule.

What are some of the common examples of fringe benefits paid or granted by employers to employees?
Company motor vehicle, house boats, security, cell phone allowance, airtime, meals, canteen meals, parking fees, DSTV subscriptions, golf subscriptions, fuel, accommodation, educational assistance, school fees, holidays and others are some of the examples. The above list is therefore not exhaustive.

Who qualifies as an Employer under the Income Tax Act?
Any person who pays or is liable to pay to any employee any amount by way of remuneration. It also includes any person responsible for the payment of any amount by way of remuneration to any employee under any law or out of public funds. Statutory corporations and other undertakings operated by the government also qualify as employers if they pay any remuneration.

Who qualifies as an Employee under the Income Tax Act?
Any individual to whom remuneration is paid or payable at an annual rate that is more than the amount specified in subparagraph (i) of paragraph (a) of subsection (2) of section 14 of the Finance Act [Chapter 23:04] in respect of the year of assessment concerned. The current minimum annual remuneration subject to PAYE is $4,201 and this was effective 1 January 2019.

What treatment should be given to amounts paid to Executive Directors?
Any amount of director’s fees paid or payable to any individual by any company in respect of services rendered or to be rendered by such individual to such company and including other amounts constituting remuneration in terms of the definition given above are liable to PAYE.

What treatment should be given to amounts paid to Chairman of a Board and Non - Executive Directors of companies?
Any amount of fees paid or payable to the chairman or a member of a board of any statutory corporation in respect of services rendered or to be rendered is not subject to PAYE if no other amounts constituting remuneration are paid or have become payable.

As an example
- Where a non-executive director is only entitled to fees for sitting on the board. He/she is not expected to PAYE on such fees. However, the fees are liable to withholding tax on non-executive directors fees.
- On the contrary, if the non-executive director gets some fringe benefits e.g. usage of company vehicle, fuel allowance , airtime and other forms of remuneration , the directors’ fees together with whatever fringe benefits should be subjected to PAYE.


Disclaimer
This article was compiled by the Zimbabwe Revenue Authority for information purposes only. ZIMRA shall not accept responsibility for loss or damage arising from use of material in this article and no liability will attach to the Zimbabwe Revenue Authority.

To contact ZIMRA:
WhatsApp line : +263 782 729 862
Visit our website : www. zimra.co.zw
Follow us on Twitter : @Zimra_11
Like us on Facebook : www.facebook.com/ZIMRA.11
Send us an e-mail : [email protected]/[email protected]
Call us (Head Office) : 04 –758891/5; 790813; 790814; 781345; 751624; 752731
e-TIP :

Website of the Zimbabwe Revenue Authority (ZIMRA) - News, Notices, Taxation and Service Information, Forms, etc.

ZIMRA takes lead in Single Window projectThe Zimbabwe Revenue Authority is taking a leading role in the implementation o...
07/06/2019
ZIMRA takes lead in Single Window project

ZIMRA takes lead in Single Window project

The Zimbabwe Revenue Authority is taking a leading role in the implementation of the single window platform (an electronic platform that allows traders to submit all the relevant documents to agencies that interact/ part of the process of clearing import/ exports through one single gateway).

The Authority hosted a feedback breakfast meeting on Friday 24 May 2019 at Monomotapa hotel.

The breakfast meeting was meant to give the UNCTAD consultants to give feedback to stakeholders who are going to be part of the single window facility, after they had conducted visits with different agencies assessing their systems and how they will be integrated into this facility.

Speaking during the breakfast meeting, Director for ICT Mr Shami Moyo said this facility had played a critical role in countries such as Rwanda, who have improved into the two- digit category in the ease of business index and in the same vein Zimbabwe has had an inter- agency agreement with various agencies relevant in the facilitation of import and export processes in order to implement the single window concept in the country.

As a result they have consulted UNCTAD due to the experience they have in the area noting that the experts were part of the implementation process in Rwanda and other countries.

During the breakfast meeting, one of the consultants, Mr Christian Nizeyimana emphasised the benefits to all stakeholders including the traders, government, agencies and society if this project if fully implemented noting that Rwanda was placed at 159 in the ease of doing business index in 2011 in terms of trading across border and is currently placed 88 after they implemented this facility.

Mr Nizeyimana said they had already visited seventeen different stakeholders including ZIMRA, RBZ. EMA and the Ministry of Industry and Commerce among many others in order to assess their systems and how they could be integrated into the single window platform.

Some of the areas that could be considered in the single window in relation to ZIMRA operations are registration of distilling companies and import permit, licensing of customs brokers and licensing of operators of bonded warehouses, transit and container deports, he added.

Mrs Cecilia Chiyangwa said this facility was aligned to the SMART borders mantra embraced by the Customs and Excise Division.

Website of the Zimbabwe Revenue Authority (ZIMRA) - News, Notices, Taxation and Service Information, Forms, etc.

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Zimbabwe Revenue Authority (ZIMRA), 1. Does this apply to private vehicles as well? 2. How will the submission be done 3hours before arriving at the port of entry?
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