Government has dangled a carrot to potential investors in the renewable energy sector by giving tax breaks as well as awarding national project status for such ventures.This is contained in the new en...
Zimbabwe Revenue Authority (Zimra) Commissioner-General Faith Mazani on Tuesday told Parliament that companies and parastatals were not paying taxes resulting in a huge tax debt.Mazani appeared before...
Bulawayo-based engineering firm Zeco Holdings Limited remains in the red after its loss-after-tax widened by 52% to $886 605 in the six months to June 30, 2019, despite undertaking cost-containment me...
The Zanu-PF government is taxing people dead on one hand, but is an artful dodger of tax on the other. That's an insulting contradiction.Months ago, Mthuli Ncube, the Finance minister, introduced a 2%...
THE Zimbabwe Revenue Authority (Zimra) is sweating over the fiscalisation of companies after it emerged that some entities have not connected the recording of their taxable transactions on the fiscal ...
Zimbabwe's platinum mining companies have come up with a roadmap for refinery plants that have seen the government considering the removal of a 15 percent tax on raw exports for the commodity.While co...
FINANCE Minister Mthuli Ncube has promised relief on some taxes ahead of his interim budget on July 31, 2019, as a mid-term fiscal review statement measure to cushion people against the continuous ero...
Some players in the garment-making sector are allegedly skimming the Government of billions of dollars in potential tax revenue and suffocating downstream textile industries by abusing a special cloth...
CFI holdings Limited reported a profit-after tax of ZWL$7,2 million in the half-year to March 31, 2019, up from ZWL$2,1 million posted over the same period last year, driven by growth in earnings from...
Econet Wireless Zimbabwe Limited (EWZL) posted a loss after-tax of ZWL$106,4 million in the year ended February 28, 2019, from a profit after-tax of ZWL$132,3 million recorded in 2018 following the un...
FIXED telecoms giant, TelOne, extended its streak as one of only a few shining beacons among usually poor performing State-owned enterprises after untaxed profit jumped 125 percent to $1 million in th...
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...
Microfinance institutions (MFI) play a key role in providing financial services to the unbanked population of Zimbabwe. Zimbabwe has a fairly vibrant MFI sector and Parliament is currently tasked with...
THE Zimbabwe Revenue Authority (Zimra) will start to access third-party information from different Government databases and financial institutions to track companies and individuals that are not payin...
STANDARD Chartered Bank Zimbabwe (Stanchart) has posted a 38% increase in profit-after-tax to US$18,36 million in the full year ended December 31, 2018, driven by the bank's digitisation strategy.The ...
GOVERNMENT has begun a process of simplifying its tax system while the Zimbabwe Revenue Authority (Zimra) continues to roll out operational reform strategies aimed at enhancing voluntary compliance an...
THE taxpayer continues to foot former president Robert Mugabe's medical bills, as it emerged President Emmerson Mnangagwa's government gave the deposed strongman US$4 million to cover his hospital exp...
Finance minister Mthuli Ncube has refused to relax non-taxable income thresholds to $400 saying Treasury needs every penny it can raise to respond to the tough budgetary environment.In his 2019 nation...
Finance and Economic Development minister Mthuli Ncube said government will refund and exempt China Jiangsu International from Value added Tax (Vat) and income tax dating back to 2012.China Jiangsu in...
Government says it has surpassed its monthly target for December and raised $572,4 million through the controversial two percent tax.According to Finance minister Mthuli Ncube, revenue generated throu...
The Zimbabwe Revenue Authority (Zimra) has started collecting taxes, especially Value Added Tax (VAT) and Pay-As-You-Earn (PAYE) in foreign currency from companies that collect payments in that curren...
The two percent transaction tax initiated in October 2018 has started bearing positive results towards addressing the budget deficit.The budget deficit has been described by Finance and Economic Devel...
NATIONAL Tyre Services (NTS) reported an increase in profit after tax to $337 051 for the half year to September, but the company fears that fiscal and other monetary measures introduced by authoritie...
Taxation of digital services like Facebook, e-Commerce, cloud services, video streaming, Twitter and Google advertising is a complex global problem.Countries like Zimbabwe, which are beneficiaries but...
Zimbabwe's special court for income tax appeal has dismissed with costs a long list of preliminary points made by Zimbabwe Stock Exchange-listed seed manufacturer Seed Co Limited (Seed Co) in its appe...