What is Voluntary Disclosure? An incentive put in place by the Commissioner General of the Zimbabwe Revenue Authority (ZIMRA) through Public Notice 22 of 2018, where taxpayers and importers are granted full remission of penalties and fines as part of an ongoing programme notwithstanding the expiry of Tax Amnesty on voluntary disclosure of any omitted […]
Liberty Dube Business Correspondent— PREPARATIONS for the Manicaland corporate social responsibility provincial awards slated for next Friday, July 20, at Golden Peacork Villa Hotel which will see companies in the province being awarded for outstanding corporate social responsibility programmes are at an advanced stage.
Kudzanai Gerede Business Correspondent The recently launched Zimbabwe Women’s Microfinance Bank (ZWMB) is set to be a game changer on the country’s financial services landscape, with marginalized segments of society inclusive of women, youths and small to medium enterprises targeted for financing.
2017 saw Government focus on grading the country’s national road network with gravel/earth roads to ensure that they are trafficable. A total of US$126.2 million was disbursed to Road Authorities under the Government of Zimbabwe Emergency Road Rehabilitation Programme (ERRP) in 2017 as Government through the Ministry of Finance and the Ministry of Transport and […]
Rumbidzayi Zinyuke Senior Reporter THE Zimbabwe Revenue Authority has embarked on a drive to engage tax payers in an effort to shore up tax compliance levels that have seen only a few businesses bearing the burden of tax in an economy that relies mostly on domestic resource mobilisation to survive.
In an effort to encourage our valued clients to regularise their tax obligations, the Government has, through the Finance Act No. 1 of 2018 published on 15 March 2018, made provisions for granting of a tax amnesty to persons on application. Persons include companies, corporate or unincorporated body of persons and trusts. The tax amnesty […]
Rumbidzayi Zinyuke Senior Business Reporter THE Zimbabwe Revenue Authority has completed the first phase of an upgrade on the Automated System for Customs Data (Asycuda) to avoid a recurrence of the disturbances which occurred in December last year when the internet-based customs data processing system went down, resulting in losses worth millions of dollars.
In carrying out trade, business operators may engage in various transactions and agree on various methods of payments. Such payment arrangements may entail cash or other means other than cash. An example is barter transactions made between or amongst operators.
Kudzanai Gerede Business Correspondent Zimbabwe’s financial sector is undergoing a massive electronic payment infrastructure boom as the country strives to modernize its payment systems to ease pressure on demand for hard cash, Reserve Bank of Zimbabwe National Payment System first quarter report reveals.
Rumbidzayi Zinyuke Senior Reporter STATE-owned diamond mining firm, Zimbabwe Consolidated Diamond Company (ZCDC) has grown its balance sheet to almost $250 million on the back of an intensive investment drive that sought to build asset value and increase production capacity over the past two years.