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Statutory Instrument 6 of 2016 allows importers in specified industries to import capital equipment without paying customs duty and VAT?
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Key changes include the introduction of a 2% levy on lithium and granite exports. Additionally, the Act stipulates that mining entities must be registered taxpayers with the Zimbabwe Revenue Authority (ZIMRA) before …
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The eTariff platform is an online service by ZIMRA for managing and accessing tariff information.
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Taxable income of a holder of special mining lease is taxed at a special rate of 15%. ... Value added tax could be deferred on some capital equipment for the exclusive use in mining, …
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Commercial Guidelines on Imports & Exports. CATEGORY: COMMERCIAL GUIDELINES ON IMPORTS & EXPORTS. What are commercial importations? Goods imported for commercial …
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This comprehensive guide explores customs duties in Zimbabwe, detailing the types, duty rates, and exemptions that impact businesses engaged in international trade. …
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These taxes must be withheld by the mining company and remitted to ZIMRA on behalf of the payee. 5. Value Added Tax (VAT) The standard VAT rate in Zimbabwe is 14.5%. VAT in …
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Mining purposes on a registered mining location as defined in the Mines and Minerals Act[Chapter 21:05]; or Manufacturing or industrial purposes in, or in connection with a factory (including …
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Taxable supplies attract VAT at a specified rate (which can be 15%, 5% or 0% or any other rate as may be specified by the Minister). Standard rated supplies are supplies of goods and …
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The mining sector in Zimbabwe is a cornerstone of the country's economy, contributing significantly to GDP, employment, and foreign exchange earnings. With vast mineral …
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Zimbabwe Revenue Authority (Zimra) has listed import duty and Value Added Tax (VAT)-free agricultural equipment while the Ministry of Lands, Agriculture, Fisheries, Water …
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Contribute to brblmd/sbm development by creating an account on GitHub.
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Deferment of Value Added Tax: VAT deferment is granted to mining companies on capital equipment imported for a period of ninety days subject to the conditions set by ZIMRA …
WhatsApp: +86 18221755073
Key changes include the introduction of a 2% levy on lithium and granite exports. Additionally, the Act stipulates that mining entities must be registered taxpayers with the …
WhatsApp: +86 18221755073
A clearing agent who has a bond with ZIMRA or an importer who does in-house clearing and has a bond with ZIMRA can move goods from an entry point (border post) and do the final …
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ZIMRA levies customs duty on imported goods under the Customs and Excise Act (Chapter 23:02) and VAT on imported goods under the Value Added Tax Act (Chapter 23:12). Customs …
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Revised Motor Vehicle Specific Duty Rates 2025; Taxpayer Search; Smart Invoice. Information. Practice Note No 2 of 2024 – Smart Invoice; Smart Invoice Portal; FAQs; Learn …
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CAPITAL ALLOWANCES RATES FOR ASSETS General Type Rates Comment Furniture & Fittings, Computers 25% Used in business Motor Vehicles – Commercial 25% Used in …
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Tractors, haulage trucks, and earth-moving equipment used for agriculture, mining, or construction may qualify for reduced import duties or full exemptions. ... Importers are advised to check the latest ZIMRA exchange …
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Financial Controller CA Mining Companypanies Act,Income Tax.Perform tax planning and research to ensure compliance and timely payments to ZIMRA.Zimra Charges For Mining …
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Notify ZIMRA within 21 days of ceasing trade. Deregistration requires a thorough audit to ensure all obligations have been met. FAQs on VAT in Zimbabwe for 2024 1. What is …
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The Reserve Bank of Zimbabwe (RBZ) and the Ministry of Finance and Economic Development (MOFED) introduced measures in June 2022 to stabilize the exchange rate and …
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Equipment 25% Buildings Industrial 5% Commercial 2% Investment allowance on industrial buildings i 10% Initial allowance on ndu str ia lb g 10% M a nuf ct ri g, Tourism M ot r v ehicl s …
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An understanding of how Value Added Tax (VAT) operates is essential for businesses operating in Zimbabwe as well as any potential investors. This article provides a …
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Most mining inputs (e.g., machinery and equipment) are zero-rated or exempt depending on the classification. Output VAT may apply to certain value-added products (e.g., processed …
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On 28 November 2022, the Ministry of Finance and Economic Development published Statutory Instrument 203 of 2022 which replaced the Statutory Instrument 53 of 2017.
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The Zimbabwe Revenue Authority (ZIMRA) has pledged to clear its long-standing backlog of value-added tax (VAT) refunds, a move likely to be welcomed by the mining sector, …
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S.I. 203 of 2022 Customs and Excise Tariff Notice 2022 Tariff Handbokk Final.pdf
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Below are the key taxes applicable to mining operations: 1. Corporate Income Tax. The standard corporate income tax rate in Zimbabwe is 24.72%. However, mining companies are subject to different rates depending on the type of …
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Deferment of Value Added Tax can be allowed on imported capital equipment subject to the conditions set by ZIMRA. The holder of a Special Grant can acquire a Rebate of duty on goods for use in petroleum exploration or …
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Mining Contact us INDIVIDUAL TAX No changes were made on the individual tax rates. The rates applicable from 1 January 2016 are the same as those that were applicable in 2015 and they …
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Duty On Mining Equipment In Zimbabwe. Mining Equipment Supplies For Sale In Zimbabwe, The most popular zimbabwe mining equipment supplies classifieds by far 500000 visitors per …
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Rates of VAT; i Standard rate of 15%. Generally, all goods and services are standard rated unless specifically exempted, zero-rated or subject to VAT at a special rate. ii …
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The tax is to be paid no later than the 1 st of April 2024 for mining titles acquired prior to 1 January 2024. For mining titles acquired on or after the 1 st of January 2024, the tax …
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