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Read MoreMay 29, 2013· By Patrick Jaramogi Uganda is losing millions of shillings due to illegal gold mining trade mushrooming across the country, New Vision has established. The reports come at …
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To ensure State participation in the mining sector, government established the Zimbabwe Mining Development Corporation (ZMDC), a State-owned enterprise (SOE) through an Act of Parliament.
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Jan 09, 2020· Who can benefit from this rebate? A registered taxpayer with Zimra who has a valid tax clearance. Importers in the following sectors: Mining, Manufacturing or industrial, Health Agriculture and Energy. My Taxes, My Duties: Building my Zimbabwe!! Disclaimer: This article was compiled by the Zimbabwe Revenue Authority for information purposes only.
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"Rebate on capital equipment imported for use in specified industries (1) In this section— "capital equipnEnt" means— (a) (b) such plant. equipment or machinery which is used exclusively for mining purposes on a registered mining location as defined in the Mines and Minerals Act IChap1er 21.051 as the Minister may approve, in consultation with
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Through statutory instrument 92/2019 (Customs and Excise – Duty Rebate for Air Zimbabwe) the Government extended, for the whole of 2019, the existing rebate on engine spares and aircraft components for Air Zimbabwe.
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Industrial Rebates. Industrial Rebates are specified under Schedule 3 of the Customs and Excise Tariff Schedule, and are granted to manufacturers who import raw materials from outside the SACU market for production of goods for domestic consumption.The Industrial Rebates offer a full or partial exemption of customs duty on the imported raw materials and are generally accessible to a wide range ...
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CUSTOMS LAWS AND PROCEDURES IN ZIMBABWE Customs laws in Zimbabwe are stipulated by the Customs and Excise Act ... Mining Royalties, 9% Carbon Tax, 1% ... 8 Due to the issues of rebates…
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Misuse or attempts to misuse the provision on rebates is an offence in terms of section 174 and 184(g) of the Customs and Excise Act [Chapter 23:02] and can result in prosecution or penalties or seizure of the goods. V- Religious Organisations: Tax & Customs Concessions & Obligations Rebate of duty on goods imported for religious purposes
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AFRODAD, 2011, 24) even argues that the extent of tax evasion in Zimbabwe is yet to be measured, estimating that the revenue authority could be collecting 80 % of the revenue it should be collecting. ZIMRA appears yet to effectively extend its revenue net to all key sectors of the economy, including the diamond mining sub sector.
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essential food items, and full rebates of the customs tariff and VAT may be granted for a variety of reasons; the particular focus on inputs under some rebate schemes further increases the effective protection of selected industries. 5. Zimbabwe is among the regional leaders in the deployment and upgrading of computerized customs clearance systems.
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Section 120 (1) (b) of the Customs and Excise Act [Chapter 23:02] as read with Section 105 of the General Regulations (Statutory Instrument 154 of 2001) and Section 12 (3) of the Value Added Tax Act [Chapter 23:12] provides for a rebate of duty and Value Added Tax (VAT) on household and personal effects and other goods for personal use that are ...
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BURS Press Release : Unavailability of all BURS Services from 29th November at 18.00 hours to 2nd of December 2019
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Local authorities can import certain goods duty free in terms of Section 137 of the Customs and Excise (General) Regulations 2001 published in statutory instrument 154 of 2001, which provides for ...
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Sep 03, 2020· Local authorities can import certain goods duty free in terms of Section 137 of the Customs and Excise (General) Regulations 2001 published in statutory instrument 154 of 2001, which provides for the rebate of duty on goods donated to local authorities.
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Jan 13, 2019· Pharmaceutical manufacturers also received a rebate on customs and excise duties on many raw materials listed in SI 278 of 2018. But, Pharmaceutical Manufacturers’ Association of Zimbabwe chairperson Emmanuel Mujuru echoed Mazango’s sentiments, noting that they did not have adequate foreign currency to import in the first place.
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The taxman, in violation of the law, imposed fines to the tune of $9 554 215 on Zimbabwe Platinum Mines (Pvt) Ltd for alleged Customs and Excise Act infractions. This was despite the fact that the ...
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The duty rebates are subject to approval by the Zimbabwe Revenue Authority after production of a valid investment licence, evidence that the SEZ is not in an industrial park and particulars of the ...
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REBATES AND REFUNDS OF CUSTOMS DUTIES, EXCISE DUTIES, FUEL LEVY, ROAD ACCIDENT FUND LEVY, ENVIRONMENTAL LEVY AND HEALTH PROMOTION LEVY NOTES: 1. The goods specified in the Column headed "Description" of this Schedule shall, subject to the provisions of Section 75, be admitted under rebate of the customs duty specified in Parts 1 and 2 and the ...
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NewZimbabwe.com – The Zimbabwe News You Trust is Zimbabwe’s leading online newspaper and published by New Zimbabwe Media Ltd. The platform brings you the latest breaking News, Business ...
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Aug 09, 2011· WHEN Finance Minister Tendai Biti withdrew the duty rebate on tourism industry capital goods, it was clear that he had been seriously misinformed and acted in contempt of the spirit that defined tourism as one of the four pillars of Zimbabwe’s economic turnaround programme in …
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“Customs Duties, which are usually among the top five contributors, only contributed 9.40% due to the impact of the lockdown on imports: only food, medicines, protective clothing and machinery ...
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Customs and Excise Act No. 91 of 1964 (the Act), to facilitate imports of raw materials and components at world market prices, e.g. Rebate Item 470.03/00.00/01.00 (Rebate of Duty and value-added tax) and drawback item 521.00 (Drawback of Duty), subject to a permit being issued by ITAC. 4.2 Rebate …
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Jul 19, 2016· This paper analyzes the effects of customs duty incentives on customs revenue mobilization for the period 2009 to 2014. It employs both cross-sectional and panel data regression analysis using firm-level data obtained for a sample of 35 firms in Zimbabwe’s mining sector.
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My name is Moses Marufu Zimbabwe Miners Federation (ZMF), Secretary for People with Disabilities in Mining. I just want to make this reminder to all Miners that the of 3rd December of each year is a special day for *People with Disabilities* called International Day of People with Disabilities.
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Our Customs team will ensure that the correct customs duties are paid by careful upfront planning. Government Grants and Incentives Apart from the Mining Tax dispensation, we believe the industry can benefit from the many government grants and incentives on offer from the South African government and overseas government agencies.
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Customs VAT, customs duty, Duty 1-2B (Ad valorem excise duties on imports) Table 5.1.11 and table 5.1.2 show the customs value of imports, customs VAT, customs/import duties and excise duties on imports by sector. “Machinery and mechanical appliances, electrical …
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SFAAZ is a voluntary association of shipping lines, freight forwarders, customs clearing agents, bonded warehouse operators and in-house clearing importers and exporters. SFAAZ was founded around 1955 with a mandate to represent the interests of its member companies. SFAAZ members handle in excess of 95% (estimated) of the country's formal trade.
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