BUSINESS NEWS

SMES generate $1million in taxes daily at border

SMALL to medium enterprises (SMEs) are generating an average of $1 million a day at the Beitbridge Border Post through payment of taxes, according to Women Affairs, Community, Small and Medium Enterpr...

By Staff reporter | Published: 29 April 2019

BUSINESS NEWS

'Review of taxes, utility costs'

THE change in the indigenisation laws and the ongoing ease of doing business reforms should be complemented with a deliberate review of taxes and utility costs, which continue to frustrate domestic pr...

By Staff reporter | Published: 18 July 2018

BUSINESS NEWS

Fuel price cut to chop taxes by $90 million

The Zimbabwe Government's gave up more than $90 million yearly in potential excise duty on fuel when it decided to cut excise duty on fuel earlier this week as part of an internal devaluation process....

By Staff reporter | Published: 26 January 2018

BUSINESS NEWS

Govt to extend amnesty on outstanding taxes

Government will extend amnesty measures on outstanding taxes that were accrued prior to December 1, 2017, Finance and Economic Development Minister Patrick Chinamasa has said.Presenting his 2018 Natio...

By Staff reporter | Published: 08 December 2017

MINING & RETAIL

Zim miners deny evading taxes

Zimbabwe mining companies say they are not evading taxes but distribute their earnings legitimately among various stakeholders in line with the country's laws.Isaac Kwesu, the Zimbabwe Chamber of Mine...

By Staff reporter | Published: 24 June 2015

BUSINESS NEWS

ZIMRA fails to collect over $1bn in taxes

The Zimbabwe Revenue Authority (ZIMRA) has failed to collect over $1 billion in taxes since 2009 and if it had not opted for voluntary compliance many companies would have folded operations. Speaking ...

By Nelson Gahadza | Published: 18 February 2015

BUSINESS NEWS

'Zimra taxes too high'

The Ministry of Finance and Economic Development has been taken to task over why the Zimbabwe Revenue Authority continues to levy high taxes on an industrial base which is shrinking due to economic ch...

By Staff reporter | Published: 02 July 2014

INDUSTRIALS & ENERGY

BAT says no to tobacco taxes

BRITISH American Tobacco Zimbabwe (BAT) has called on governments across Southern Africa to carefully consider the unintended consequences of increased taxes on tobacco products with the intention of ...

By Staff reporter | Published: 02 June 2014

MINING & RETAIL

Mining firms remit little in taxes

Mining companies operating in Africa are benefiting more from natural resources and remitting little in taxes and royalties to their host governments which is drawing back the value chain linkages th...

By Business Reporter | Published: 03 December 2013

MINING & RETAIL

Zimbabwe to review mining taxes, royalties

GOVERNMENT says it will review mining royalties and rates of taxation with a view to reduce the cost from mining charges to ensure optimal exploitation of minerals, Deputy Minister of Mines and Mining...

By Staff reporter | Published: 05 November 2013

BUSINESS NEWS

Zimra sets taxes deadline

ZIMBABWE REVENUE AUTHORITY (Zimra)has set the end of this month as the deadline for the payment of third quarter taxes.In a public notice yesterday, Zimra said all clients whose taxable income include...

By Business reporter | Published: 18 September 2013

ZIMBABWE

Zimbabwe talks tough on taxes

Zimbabwe's tax commissioner says the government wants to turn around following the damage cause by 15 years of de-industrialisation and investment outflows, but this does not mean going soft on tax pe...

By Staff reporter | Published: 18 September 2013

BUSINESS NEWS

Business engages govt over taxes

The Confederation of Zimbabwe Industries last week engaged the government to discuss the increase in direct and indirect taxes that are affecting the manufacturing sector in a bid to address the chal...

By Business reporter | Published: 08 July 2013

MINING & RETAIL

Increase of taxes and royalties could impact New Dawn operation

New Dawn Mining said its operations and development plans in Zimbabwe could be impacted by various factors, including, for example, increased taxes and royalties, mining fees, power and labor costs,...

By Mafu Sithabile | Published: 10 June 2013

POLITICS

Zimbabwe to hike mining taxes to bankroll elections

Zimbabwe will increase mining royalties soon to raise $132 million to bankroll the forthcoming elections, Finance minister Tendai Biti has said.  The $100 million that had been promised by Pret...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

Government wants informal sector to contribute in taxes

Government says there is a need to come up with a database of the informal industry so that it can contribute to national development through paying tax. While there are no official statistics on th...

By Mafu Sithabile | Published: 10 June 2013
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