51 Mining Taxation The government gets its revenue in the mining sector from from MANAGEMENT 102 at Far Eastern University

The Capital Gains Tax is calculated at a rate of 20% of the capital gained determined in accordance with the Capital Gains Tax Act [Chapter 23:01] Corporate Tax refers to a tax imposed on entities that are taxed at the entity level in a particular jurisdiction and imposed on net profit.

The Zimbabwe Revenue Authority (Zimra) has announced gross collections amounting to 1, 28 billion against a target of 1, 089 billion in the third quarter of this .

Among tax incentives offered in Zimbabwe are; tax holidays – waiver to pay tax for a certain period, for example 5 years for Built Own Operate and Transfer (BOOT) infrastructure; 15% preferential corporate income tax for holders of special mining leases; all capital expenditure on exploration, development, operating incurred wholly and exclusively for mining operations is allowed in full; and perpetual carry .

The Zimbabwe Revenue Authority (Zimra) plans to collect 6,2 billion from taxes this year, representing about 76 percent of the 8,16 billion 2019 Budget.

Zimra also recently indicated that it would raid the informal sector to make sure players there paid their share of taxes. This came as economists continued to estimate that the informal sector was a 7 billion industry yet it avoided taxation.

Despite subdued operational conditions for industry, ZIMRA is this year pinning hopes for increased revenue inflows from the value added tax, custom duties, mining .

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.

ZIMRA Should Disclose Mining Tax Revenue Mineral revenue transparency is a key ingredient for good mineral resource governance which is critical to transform mineral wealth into .

Pdf impact of tax evasion and avoidance on the economy a case 2017 year end procedures pdf awareness and compliance levels of informal traders with effectiveness of presumptive tax system in zimbabwe case zimra. Whats people lookup in this blog: Zimra Tax Tables 2017 Pdf

Zimra gets US95m from mining royalties. The national tax collector reported last week that the mining sector contributed US95,67 million in royalties, spurred by a commendable rise in global mineral prices. The impressive performance of the revenue head represented 6,3 percent jump from the US73,11 million achieved in 2017.

The Zimbabwe Revenue Authority, or ZIMRA, is the body responsible for collecting taxes and other revenue streams for the government in derives its mandate from the Revenue Authority Act, passed by the parliament of Zimbabwe in 2002 and other related legislation.

Zimbabwe Revenue Authority (ZIMRA), Harare, Zimbabwe. 21K likes. The Zimbabwe Revenue Authority is the state's instrument for assessing, collecting and. ... issue 12 Of Guide For Tax Rates / Duties / Levies Sars. mining for gold) . Withholding of amounts from payments to nonresident sellers of immovable property in . 15. Customs duty .

According to ZIMRA's commissionergeneral, Faith Mazani, ZIMRA is owed more than 4bn in unpaid taxes by thousands of companies, and the tax collector will descend heavily on tax dodgers after the expiry of the moratorium.

The Zimbabwe Revenue Authority (Zimra) plans to collect 6,2 billion from taxes this year, representing about 76 percent of the 8,16 billion 2019 Budget. With Zimbabwe's gross domestic product (GDP) projected to reach 31,6 billion in 2019, Treasury is looking to generate revenues amounting to 6,6 billion this year, including retentions (400 million), taxes (6,037 billion), and nontax (162 million).

Malvern Mudiwa of Marange Development Trust (MDT), for instance, got a chance to ask the Minister of Mines, Oliver Chidhakwa, on what measures are in place to ensure that the Zimbabwe Consolidated Diamond Mining Company (ZCDC), a stateowned company, contributes a fair share of taxes to Mutare Rural District Council (RDC).

THE Zimbabwe Revenue Authority (ZIMRA) has intensified efforts to collect taxes from the informal sector as it desperately seeks to shore up State coffers. The country's informal sector has expanded over the years, absorbing the bulk of the retrenched and the unemployed graduates.

Mining firms get duty free import status The Financial Gazette ... Thus, the Zimbabwe Revenue Authority (ZIMRA) could not stop imposing the tax. Contact US. Exports ..... ZIMRA. Jan 29, 2009 ... Value Added Tax (VAT). ..... Farm labour has also become a challenge, with workers now demanding their .... foreign currency for the importation of ...