zimra mining taxes

Zimplats loses 30m tax challenge DailyNews Live

Mar 28, 2015· As a result, Zimra pounced on the platinum miner, saying its agreement with government had no effect at law. The tax collector previously demanded a penalty of 4 million for Zimplats' default in the payment of the tax, although this is understood to have been subsequently waived.

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ZIMRA Archives The Financial Gazette

THE whistleblowers' fund introduced by the Zimbabwe Revenue Authority (ZIMRA) as part of efforts to reduce rampant corruption in the public and private sectors has been suspended, the Financial Gazette has learnt. Zimbabwe adopted comprehensive whistleblower laws for tax purposes in 2001, and this is enshrined in the ZIMRA Act.

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zimra compressor duty

zimra duty on mining equipment_Zimbabwe Revenue Authority (ZIMRA) zimra co zwWebsite of the Zimbabwe Revenue Authority (ZIMRA) News, Notices, Taxation and Service Information, Forms, etc Forms 183 Tax Tables 183 ASYCUDA Wor. duty on mining equipment in zimbabwe.

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REVENUE PERFORMANCE REPORT FOR THE YEAR ... .

ZIMRA as the fiscal advisor to Government has a view that the mining tax laws need to find a fine balance between attracting mining investments and benefitting the fiscus. The following bar graph shows quarterly performance for 2014, 2015 and quarterly

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'Zimra getting all its revenue from mining sector' | The ...

'Zimra getting all its revenue from mining sector' ... He said Zimra was in the process of reviewing the Income Tax Act with the intention to simplify it so that it can be understood by the ...

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2016 tax reckoner

Contents Income TaxCorporate Income TaxIndividuals 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

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Zimra to introduce 10pc withholding Vat DailyNews Live

Sep 12, 2016· "An audit recently undertaken by Zimra in the fourth quarter of 2015 revealed that of the 3 311 suppliers to mining companies, stateowned enterprises and some local authorities, 2 239 did not make correct declarations of the sales made or output tax charged, thereby prejudicing the fiscus of about 40,7 million in tax," he said.

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Taxation (Zimbabwe) Home | ACCA Global

The AIDS levy of 3% is chargeable on income tax payable, after deducting credits. US Disabled/blind person 900* Elderly person (55 years and over) 900* Medical aid society contributions 50% Medical expenses 50% * The amount is reduced proportionately if the period of .

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Zimra surpasses Q3 revenue targets | Equity Axis

Currently, according to Zimra, the operations of SMEs may give rise to obligations for any or all of the following taxes: Presumptive Tax, Income Tax, Value Added Tax (VAT), Pay As You Earn (PAYE), Withholding Tax (WHT), among others. This has resulted in numerous small businesses failing to meet their tax obligations.

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Mthuli's 2 percent boosts Zimra's tax collections | Equity ...

Harare – The Zimbabwe Revenue Authority (ZIMRA) says it collected million from the Intermediated Money Transfer Tax (IMTT) buoyed by a 2 percent charge for electronic transfers introduced by Finance minister Mthuli Ncube in October last year.

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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, valueadded 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.

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Chinese nationals and senior government officials ...

Oct 15, 2019· A complex syndicate involving some Chinese nationals and senior government officials is at the centre of chrome smuggling in Zimbabwe through under declaration of volumes, which have prejudiced the state of millions of dollars in taxes and mining fees. Chrome is one of the country's main mineral exports after gold, Platinum Group Metals and diamonds.

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Zimplats in half year profit jump Mining Zimbabwe

ZIMBABWE'S largest platinum group metals (PGMs) producer, Zimplats Holdings, profit for the year to June 2019 vaulted US144,9 million from US2,6 million posted in 2018, partly spurred by a US36,4 million export incentive and 9,6 million tax refund.

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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, .

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zimra mining taxes

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...

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Doing My Crypto Taxes In Less Than 20 Minutes ...

I was able to skip the second step of the tool that requires those who received crypto as income from mining or from gifts because I didn't have any of these types of transactions, therefore didn't have to report any cryptocurrency mining taxes.. I also didn't have to upload any "outgoing" transactions because I didn't have any wallet fees or purchases using crypto.

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ANALYSIS | Taxes, indigenisation and transparency: How ...

Aug 14, 2019· Whilst the Income Tax Act did not deem such activities as mining but quarrying. The effect was that black granite mining producers were not enjoying the mining fiscal regime eg allowable deduction on Corporate Social Investments (CSIs) and recoupment of capital expenditure. Indigenisation's death certificate

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Systems, Processes and Challenges of Public Revenue ...

specific mandates to assess, collect and enforce the payment of revenue. ZIMRA was established in 2001 as a successor to the then Department of Customs and Excise. Its responsibilities include assessing, levying and collecting revenue from various taxes that include income tax, capital gains, duty tax, resident shareholders tax,

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Zimra in drive to surpass 2019 target | The Herald

But net VAT on local sales, carbon tax, mining royalties, intermediated money transfer tax, CGT CGT withholding and other indirect taxes failed to meet their targets, said Zimra.

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This year's edition of the Mining... Zimbabwe Revenue ...

This year's edition of the Mining Engineering and Transport Expo (Mine Entra) which ran from 20 to 22 July in Bulawayo under the theme, 'Unearthing Opportunities' was a rich gold mine for the Zimbabwe Revenue Authority (ZIMRA) in terms of reaching out to the mining sector.

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Zimbabwe Revenue Authority

Reminder Value Added Tax (VAT) due date 25th August 2018 Print The Zimbabwe Revenue Authority (ZIMRA) would like to remind all clients who are registered for VAT or required to be registered to take note that VAT is due by the 25 th of August 2018 for Category C and Category A operators.

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A Guide to Canadian Mining Taxation

Global mining operates across a plethora of national, regional and local jurisdictions, most of which engage the mining industry with their own policies, regulations and taxes. When mining is in a rising commodity price cycle, as it was in the first decade of this century, governments tend to . raise mining taxes to capture a higher share of ...

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ZIMRA eServices Portal

The official tax table operates on an escalating scale basis, ( the higher your earnings, the greater percentage tax you pay on each bracket of earnings). When your earnings reach a certain amount, the percentage stops increasing and a flat rate of tax becomes applicable for any earnings above this level, that is the Marginal Tax Rate (MTR).

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(PDF) Impact of tax evasion and avoidance on the economy ...

Mining output rose 47% i n 2010 due to increased ... The impact of tax evasion and avoidance on the economy 295. ... are making people use legal and illegal means to evade tax. ZIMRA should take a ...

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ZIMRA To Engage Educational Facilities on Tax Payment ...

Oct 07, 2019· Zimbabwe Revenue Authority (ZIMRA) is engaging primary and secondary schools; and institutions of higher learning on payment of taxes, tax collector CommissionerGeneral Faith Mazani has revealed during a tax seminar at the University of Zimbabwe today.

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