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zimra mining taxes

  • Zimbabwe - Corporate tax credits and incentives

    May 28, 2019· Foreign tax credit. Where foreign income is taxed in Zimbabwe, a tax credit (limited to the amount of local tax suffered) will be set off against the local tax liability. Special Economic Zones (SEZs) Tax incentives have been announced for investors locating their business in SEZs.

  • Zimbabwe presents 2018 budget proposals - Ernst & Young

    Input tax not claimed from ZIMRA With effect from 1 January 2018 Input tax not claimed from Zimbabwe Revenue Authority (ZIMRA) is not allowable as a deduction for income tax purposes. Mineral royalties With effect from 1 April 2017 A uniform royalty rate of 2.5% to apply on export of platinum by mining houses operating on a special lease and ...

  • Zimra collects $45m mining royalties - DailyNews Live

    Jul 23, 2014· HARARE - The Zimbabwe Revenue Authority(Zimra) collected $45 million in mining royalties arrears in the half year to June 2014 as the tax collector intensifies efforts to boost dwindling earnings. Gershem Pasi, Zimra commissioner-general, said …

  • Zimbabwe Revenue Authority

    Note that with effect from 1 January 2018 the Special Initial Allowance on residential unit used for housing the special mining lease holder’s employees is now pegged at US$25 000.

  • Ncube moves on VAT refunds - Business Times

    PHILLIMON MHLANGA FINANCE Minister Mthuli Ncube has instructed the Zimbabwe Revenue Authority (ZIMRA) to clear outstanding tax refunds by the end of next month as he moves to remove the burden which has been weighing down companies, Business Times can report. The delay by ZIMRA to process tax refunds, estimated to be close to ZWL$200m, […]

  • ZIMRA Should Disclose Mining Tax Revenue » 263Chat

    Institutions such as ZIMRA must do more to end the secrecy in the mining sector by publicly disclosing mining tax contribution per each revenue head, mining tax contribution made by each company and per mining project where necessary as well as the cost of tax incentives.

  • Zimbabwe Revenue Authority - Pindula

    The Zimbabwe Revenue Authority (ZIMRA) was established on 19 January 2001 as a successor organisation to the then Department of Taxes and the Department of Customs and Excise following the promulgation of the Revenue Authority Act on February 11, 2000.

  • TheZimbabwe 2019 National Budget - KPMG

    income tax.” Satellite Broadcasting ... with ZIMRA for tax purposes. Withholding tax on contracts and tenders Exemption from ... taxpayer and ZIMRA is satisfied that the mining operations conducted are inseparable or interdependent where minerals produced at these locations are part of

  • Zimra Charges For Mining Equipment In Zimbabwe

    Zimra Charges For Mining Equipment In Zimbabwe; ... Income tax rate from mining operations is only taxed at 15% for companies and ... Duty exemption on specified capital equipment imported for use in the TDZs. ... published its revenue ... of tax heads published by Zimra are other traditional taxes like mining ... of plans to introduce ...

  • Zimbabwe Revenue Authority

    Details. Finance Act. Tax Rate. Income of individual from trade and investments. 14(2b) 25%. Income of company or trust. 14(2c) 25%. Income of pension fund from trade or investment

  • Zimbabwe Revenue Authority

    TAX PAYMENT CALENDAR. The Zimbabwe Revenue Authority (ZIMRA) is encouraging its valued clients to pay their Taxes andCustoms & Excise Duties on time and in full in order to avoid unnecessary penalties and interest, which are levied on late payments. For the convenience of our clients, the payment dates are as follows: ... Mining Royalties.

  • zimra tax for mining companies - ferronneriedelacourt.be

    Zimra Mining Taxes - violetartcoza. Disclosure of the performance of the mining sector per each tax revenue head by ZIMRA is an important stepping stone towards the disclosure of disaggregated tax revenue receipts per each mining company and where feasible, per each mining project.

  • ZIMRA eServices Portal

    The ZIMRA e-services platform seeks to make it convenient, simple, safe and quick for Zimbabwean citizens and businesses to file their tax returns, make online payments and keep track of their tax transactions online and from anywhere in the world.

  • Tough tax regime for miners - DailyNews Live

    Oct 23, 2017· HARARE - The Zimbabwe Revenue Authority (Zimra) is proposing a tough mining regime for miners to ensure that the country gets more taxes. Zimra’s chairperson Willia Bonyongwe last week said Zimbabwe, like all developing countries, needs to find a more equitable tax regime for the mining …

  • Zimbabwe Revenue Authority

    Mining companies. All capital expenditure on exploration, development, and operating incurred wholly and exclusively for mining operations is allowed in full. There is no restriction on carryover of tax losses; these can be carried forward for an indefinite period. Taxable income of a holder of special mining lease is taxed at a special rate of ...

  • Mining tax regime unfair: Zimra - DailyNews Live

    May 16, 2016· “Zimra holds the view that the tax regime for miners must be reviewed. “It continues to call on government to find a fairer way of taxing the mining sector so that the country, communities and mining companies can all benefit equitably from the finite mineral resources,” Bonyongwe said.

  • Zimbabwe Tax Guide 2013 - PKF International

    turnover below USD60, 000 may pay presumptive taxes instead of normal tax. Presumptive taxes are periodic taxes, absolute figures or percentage-based, which are levied on certain specified business operations, usually undertaken by SMEs. Mining companies are, in addition to their specific corporate rates of tax, subject to a

  • Zimra Charges For Mining Equipment In Zimbabwe

    zimra tax for miningpanies - isionlus.it. Zimra to introduce new fiscal devices soon - NewsDay Zimbabwe- zimra tax for miningpanies ,The Zimbabwe Revenue Authority (Zimra) is miningpanies in bulawayo - zimbabwe miningpanies list where to sell crushed bottles in zambia- zimbabwe miningpanies list ,As one of the leader mining and construction equipment .

  • Enhancing mining fiscal linkages - Zimbabwe Situation

    May 29, 2019· For example, Zimra can disclose mining sector performance per each revenue head corporate income tax (CIT), withholding taxes, customs duty, value-added tax (VAT), and pay as you earn (PAYE), among others. Further, disclosures can be disaggregated to show how major minerals like platinum, gold, diamonds and chrome perform per revenue head.

  • 3 Mining Taxation in Zimbabwe Moses Madongorere Zimra ...

    Dec 03, 2013· The Truth About Your Mortgage - Secrets the Banks Don't Want You to Know - Duration: 20:59. Michelle Cruz Rosado 638,462 views

  • find duty on mining equipment by zimra

    find duty on mining equipment by zimra. Our Purpose And Belief. L&M Heavy Industry is committed to provide the global customers with the first-class products and superior service, striving to maximize and optimize the interests and values of the customers, and build bright future with high quality. All;

  • zimra mining taxes - ekhayawhiteriver.co.za

    An Outline Of The Mining Taxation Regime In Zimbabwe. ZMRTI. Zimbabwe Mining Revenue Transparency Initiative. ZIMRA ... mining companies to pay taxes are the Mines and Minerals Act, the Income Tax Act...

  • Understanding Zimbabwe Capital Gains Tax | StartupBiz Zimbabwe

    Nov 29, 2018· Capital Gains Tax is a tax levied for the appreciation in value realised by the seller of a specified asset. Specified assets fall into two major categories: Immovable property including building, dam, land, road, mineral rights excluding a mining claim purchased for resale (these fall under income tax).

  • Value Added Withholding Tax | The Herald

    To this end and with effect from April 1, 2017, the Zimra Commissioner General appointed 20 registered operators, mainly in the mining sector, as Value Added Withholding Tax agents. What is Value ...

  • Enhancing mining fiscal linkages - NewsDay Zimbabwe

    May 29, 2019· For example, Zimra can disclose mining sector performance per each revenue head corporate income tax (CIT), withholding taxes, customs duty, value-added tax (VAT), and pay as …

  • Mining Taxation In Zimbabwe | Ministry of Mines and Mining ...

    Mining Taxation In Zimbabwe ... (PAYE) system is a method of paying Income Tax on remuneration. The mining company deducts tax from salaries or pension earnings of its employees before paying the net salary or pension. The official tax table operates on an escalating scale basis, (i.e. the higher the earnings, the greater percentage tax charged ...

  • All tax returns will be completed in RTGS$: ZIMRA | Equity ...

    All tax returns are therefore required to be completed in RTGS$.” “ZIMRA requires the submission of one tax return for the different tax types – Income Tax Act, Value added Tax Act and finance Act provide laws on requirement to pay tax in foreign currency where the income or transactions are in …

  • 2016 tax reckoner - grantthornton.co.zw

    Contents Income Tax-Corporate Income Tax-Individuals Withholding taxes Value added tax Presumptive tax Capital gains tax Customs and Exercise Efficiency in tax administration Fiscal compliance matrix Mining Contact us IMPORTANT This booklet is based on legislation currently in force in the Republic of Zimbabwe and proposed

  • Zimbabwe's Tax System - ZIMCODD

    2.3.2 Reporting in the Mining Sector 11 2.4 ZIMRA Accountability Mechanism 11 2.5 More Education and Dissemination of Critical Information Needed 12 ... 4.1.6 Tax avoidance in the mining sector 21 4.2 Illicit Financial Outflows 22 ... Zimbabwe's Tax System: Opportunies and Threats for enhancing Development in Zimbabwe vi. Executive summary

  • Zimbabewe 2019 mid-term fiscal policy review

    ZIMRA website as at 30 August 2019(max rate 40%). The ZW$60,000 VAT registration threshold and the annual tax free bonus ... Mining royalties will be tax deductible, however, only effective from 1 January 2020. Excise Duty on fuel, tobacco and alcohol products have been increased.

  • Zimbabwe Revenue Authority

    Public Notice Due date for returns and payments of VAT for clients in VAT categories B & C ()The Zimbabwe Revenue Authority (ZIMRA) hereby reminds its valued clients who are registered for Value Added Tax (VAT)...

  • Zimbabwe Revenue Authority

    Duly instructed by the Acting Commissioner General of the Zimbabwe Revenue Authority (ZIMRA), Desired Liaison Auctioneers shall be conducting a Customs Rummage Sale of forfeited and uncleared vehicles and goods.

  • Fiscal Incentives In The Mining Sector-Zimbabwe | Ministry ...

    INCOMETAX Taxable Income of a Holder of Special Mining LeaseA holder of a special mining lease, corporate income is taxed at a special rate of 15% instead of the general tax rate of 25%.However, holders of a Special Mining Lease are liable to Additional Profits Tax (APT). The tax is payable upon attaining a formula based level of profitability.

  • Zimbabwe Revenue Authority

    ZIMRA has already commenced an exercise to follow up on all operators whose details show that they are yet to install fiscal devices. You are kindly urged to co-operate with the ZIMRA staff as they carry out their duties and respond promptly to communication regarding the fiscalisation requirements.