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Malawians arrested driving a stolen car heading for the Limpopo River
SOUTH African police have arrested two Malawians found driving a stolen Toyota Fortuner worth R900 000 which they were allegedly planning to smuggle to their country via Zimbabwe.The duo was a...Published: 08 Apr 2024 at 19:20hrs | | by Staff reporter
Mthulisi Ncube exempts VAT on key basic commodities
TREASURY has gazetted the suspension of Value Added Tax (VAT) on selected basic commodities with effect from today as part of Government measures to tame price increases while boosting consumer purcha...Published: 01 Feb 2024 at 04:57hrs | 9 | by Staff reporter
Zimbabwe looks for investment spark in EV market
AN "open for business" initiative launched by the Zimbabwean government in 2018 is being supported by the growing demand for electric vehicles (EVs).The Zimbabwe Investment and Development Agency was ...Published: 24 Jan 2024 at 04:51hrs | 1 | by Staff reporter
Bread shoots to US$1,30 in Zimbabwe
PRICES of most basic commodities, particularly food items, have surged by more than 30% since last year as the Zimbabwe dollar continues to lose value against the greenback.The new 15% value-added tax...Published: 22 Jan 2024 at 10:02hrs | 16 | by Staff reporter
Zimbabwean man jailed 8 years in SA
A 36-year-old Zimbabwean man has been jailed for an effective eight years by a Mokopane Regional Court in South Africa after he was found driving a stolen car that was heading to the Limpopo River....Published: 16 Jan 2024 at 04:38hrs | | by Staff reporter
Our natural resources are our taxes
Dear Finance Minister, Prof Mthuli NcubeSurely, why the 1% property tax, let us tax our minerals. Zimbabwe is considered rich in minerals because it possesses significant quantities of v...Published: 09 Dec 2023 at 14:15hrs | 9 | by Engineer Jacob Kudzayi Mutisi
Cross-border vehicle smuggling mastermind arrested
SOUTH Africa's specialised police investigations unit, the Hawks, have re-arrested a 28-year-old man who is believed to be the mastermind of a series of cross-border motor vehicle and smuggling racket...Published: 11 Sep 2023 at 06:29hrs | | by Staff reporter
Smuggled R300,000 car intercepted
SECURITY agents on the border with South Africa have intercepted a Toyota Fortuner worth at least R300 000 smuggled into Zimbabwe across the Limpopo River.Two people were arrested in Beitbridg...Published: 07 Jun 2023 at 06:06hrs | 1 | by Staff reporter
Policy incentives to reindustrialization lacking
Zimbabwe aspires to create an upper middle income economy with a Gross Domestic Product (GDP) of US$65 billion by 2030. This vision is premised on the reindustrialization strategy where competitivenes...Published: 24 Nov 2021 at 10:35hrs | 8 | by Victor Bhoroma
Bread price jumps 13,8%
THE price of a standard loaf of bread has risen by 13,8 percent this week to $82 from $72 and consumers feel the move is not justified. Some retailers, who had already effected the latest pric...Published: 25 Dec 2020 at 07:11hrs | | by Staff reporter
Imports cripple milling industry?
THE local milling industry's capacity utilisation has dropped below 20 percent as maize meal and flour imports pile pressure on local producers. The Grain Millers Association of Zimbabwe (GMAZ...Published: 18 Dec 2020 at 06:07hrs | 1 | by Elliot Ziwira
Trump nails Mnangagwa?
The United States of America has released yet another damning report on Zimbabwe - observing that President Emmerson Mnangagwa's government continues to fail to capitalise on the goodwill that was pre...Published: 17 Jul 2019 at 08:26hrs | | by Staff reporter
Mthuli Ncube's TSP could resolve most of Zimbabwe's structural problems, says US
PRESIDENT Emmerson Mnangagwa's reforms anchored on his short-term policy, the Transitional Stabilisation Programme (TSP) could resolve most of Zimbabwe's structural problems, his most vocal foreign cr...Published: 16 Jul 2019 at 07:29hrs | 1 | by newzimbabwe
Zimra starts forex tax collection
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...Published: 31 Dec 2018 at 16:56hrs | | by Staff reporter
Duty in foreign currency
With effect from 23 November 2018 duty on importation of selected items including Surtax, Presumptive Tax and Value Added Tax payable on importation duty on importation will be paid in foreign currenc...Published: 29 Nov 2018 at 11:33hrs | | by Zimra
Zimbabwe consults on second-hand vehicle policy
THE government's decision on whether to increase surtax for imported second-hand vehicles will only be made after consultations with motor industry stakeholders, an official has said.Speaking ...Published: 14 Jun 2018 at 07:48hrs | | by Staff reporter
High tax on car imports
The cost of importing used vehicles is likely to increase as government is considering raising import levies on all pre-owned cars, Industry, Commerce and Enterprise Development Minister Mike Bimha ha...Published: 25 May 2018 at 07:53hrs | | by Staff reporter
Villagers resist donkey abattoir
FARMERS in Gwanda have told Parliament that they are against the commercial slaughter of donkeys, as that would deprive them of their major source of draught power.Chairperson of the Parliamen...Published: 27 Oct 2017 at 06:39hrs | | by Staff reporter
Car smugglers hunt for draught animal power - $400 for a donkey
IN most villages in Beitbridge district, donkeys are used majorly as a source of draught power. These are used for tillage, drawing carts, fetching firewood and other household chores.Donkeys ...Published: 03 Sep 2017 at 12:33hrs | | by Thupeyo Muleya
Zimra explains duty calculation on importation of private vehicles
Zimbabwe Revenue Authority (ZIMRA) has taken to social media explaining how the duty calculation on Importation of Private Motor Vehicles is done.In a statement Zimra said any person who impor...Published: 17 Nov 2016 at 15:21hrs | | by Stephen Jakes
Zimbabwe bows to SA pressure over SI 64
Government has been forced to reduce duty and surtax on some products imported from South Africa in response to concerns raised by that country over the restriction of imports under Statutory Inst...Published: 28 Aug 2016 at 11:16hrs | | by Staff reporter
Zimbabwe to rejig import ban as SA flexes economic muscle
South Africa's recommendations on the reduction of surtax and duty on 112 products is set to be discussed by Cabinet soon, Industry and Commerce minister Mike Bimha has said. Bimha said hi...Published: 17 Aug 2016 at 08:41hrs | | by Staff reporter
South Africa gives Zimbabwe three week deadline to roll back import ban
SOUTH Africa says it has given Zimbabwe three weeks to roll back a ban imposed on imports from that country ahead of a meeting of regional ministers later this month.This follows a meeting...Published: 07 Aug 2016 at 16:06hrs | 10 | by Staff reporter
South Africa hits back at Zimbabwe imports ban
South Africa has flexed its economic muscle, telling Zimbabwe to reduce duty and surtax on 112 products in response to Harare's recent trade restrictions.Last month, Zimbabwe promulgated Statu...Published: 07 Aug 2016 at 11:19hrs | | by Staff reporter
Zimra plots raids
MOTORISTS who fraudulently imported vehicles into the country have two months to regularise the imports or risk losing their cars.On September 30, the Zimbabwe Revenue Authority (Zimra) will s...Published: 27 Jul 2016 at 08:04hrs | | by Pamela Shumba
Xenophobia in Germany, among Germans: where is the space for the foreigners?
Part 4.1.1 The fall of the Berlin Wall and reunification of Germany There are two sequences that led to the fall of Berlin Wall. One was the develo...Published: 08 May 2016 at 08:13hrs | | by Nomazulu Thata
Zimra tightens screws on importers, hikes duty
THE Zimbabwe Revenue Authority (Zimra) has unilaterally increased import duty on second hand vehicles at all the country's borders.Since Tuesday last week, duty for a range of vehicles increas...Published: 09 Mar 2016 at 05:48hrs | | by Thupeyo Muleya
Zimbabwe import bill drops
Zimbabwe spent US$400 million in importing foreign products in the month of January 2016.The figure represents a 17 percent drop in the value of imports from the December 2015 figure.I...Published: 03 Mar 2016 at 19:12hrs | | by Staff Reporter
Zimbabwe's imports down 13%
ZIMBABWE's imports maintained a downward trend declining by 13 percent from $516 million to $449 million between October and November last year, official data shows.The Zimbabwe National Stati...Published: 22 Jan 2016 at 05:29hrs | | by Brighton Gumbo
Special 5 % excise duty on second hand cars announced
Finance minister Patrick Chinamasa has proposed a raft of new measures on excise duty on second hand motor vehicles in a bid to promote transparency in the determination of excise duty.The mea...Published: 27 Nov 2015 at 15:03hrs | | by Thobekile Zhou
Car dealers slash prices
South African car dealers at the Beitbridge Border Post have started reducing prices of pre-owned vehicles from Japan, Singapore and the United Kingdom as they battle to clear huge stocks caused by lo...Published: 02 Nov 2015 at 05:22hrs | 1 | by Thupeyo Muleya
ex-Japanese vehicle imports to Zimbabwe fall
BEITBRIDGE Border Post handled fewer Japanese second-hand vehicles this month as new custom regulations announced by Finance Minister Patrick Chinamasa take effect.In his Mid Term Fiscal Revie...Published: 23 Sep 2015 at 06:18hrs | | by Thupeyo Muleya
Imported vehicle duty reviewed from 25% to 35%
Zimbabwe Revenue authority has announced that the rate of surtax on the importation of passenger type motor vehicles that are more than five years old at the time of importation was reviewed fro...Published: 11 Sep 2015 at 09:11hrs | | by Stephen Jakes
How to calculate Zimra duty on cars
The rate of surtax on the importation of passenger type motor vehicles that are more than five years old at the time of importation was reviewed from 25% to 35% with effect from 1 September 2015. ...Published: 10 Sep 2015 at 12:47hrs | | by Staff reporter
Zimra enforces new import tariffs
ZIMRA has begun enforcing the duty increases and reductions for several goods and items in line with government’s proposal and subsequent statutory instruments on customs and excise duty gazetted on...Published: 04 Sep 2015 at 12:54hrs | | by Staff reporter
10% duty hike for second hand cars starts today
CAR dealers say the 10 percent duty increase on imported second hand light motor vehicles the government has effected starting today will worsen the viability of their businesses.In the 2015 m...Published: 01 Sep 2015 at 06:41hrs | | by Brighton Gumbo
Quest Motors starts making Foton tractors
MUTARE's vehicle assembling firm, Quest Motors, has started manufacturing its first line of Foton Tractors, with a target of increasing its capacity utilisation currently hovering below 10 percent....Published: 09 Aug 2015 at 08:04hrs | 1 | by Staff Reporter
2015 Mid-term Fiscal Policy - full document
Government to increase surtax on second hand vehicles aged more than 5 years from date of manufacture from 25 percent to 35 percent effect from September 1.Royalties on small scale gold miner...Published: 30 Jul 2015 at 15:02hrs | | by Staff reporter
Zimra increase duty on all second hand cars
The Zimbabwe Revenue Authority (ZIMRA) unilaterally increased import duty on all second-hand motor vehicles with effect from last Wednesday. The move has resulted in duty for a wide range of ...Published: 18 Jun 2015 at 07:16hrs | | by Staff reporter
Zimbabwe raw sugar prices drop 8%
The producer price for raw sugar in Zimbabwe this year has decreased by eight percent to $517 per tonne from last year's closing price, an official has said.At the end of the last marketing se...Published: 09 Jun 2015 at 18:12hrs | | by Staff reporter
Importation of motor vehicles by the physically handicapped
THE Customs and Excise Act [Chapter 23:02], together with die Customs and Excise (Suspension) Regulations, provide for the suspension of duty on certain specified motor vehicles imported by physically...Published: 05 Feb 2015 at 09:27hrs | | by Zimra
Zimra hikes car duty 100%
THE Zimbabwe Revenue Authority has announced a new duty regime for car imports which will see importers paying more than 100 percent of the value of the car with effect from yesterday.This fol...Published: 09 Nov 2014 at 11:07hrs | | by Staff reporter
Zimra hikes import duty on second-hand vehicles
Zimbabwe will experience a hike in prices of second-hand motor vehicle imports following the effective adoption of a new duty regime starting this month.Government gazetted the reviewed rates...Published: 07 Nov 2014 at 19:51hrs | 1 | by Staff reporter
Calculating of duty on imported private motor vehicles
The duty to be paid on importation of motor vehicles into Zimbabwe is based on the Cost, Insurance and Freight (CIF) value plus other incidental charges and expenses incurred in the purchase of th...Published: 29 Jul 2014 at 08:58hrs | | by Zimra
ZIMRA Executing its National Mandate
Zimbabwe Revenue Authority (ZIMRA) executes a critical national mandate of collecting taxes from all responsible organizations and citizens. It derives its mandate from the Revenue Authority Act [...Published: 23 Jul 2014 at 18:58hrs | | by Suitable Kajau
Zimbabwe re-introduce surtax on chicken
The re-introduction of surtax on chicken and other goods to promote local producers has revived the local poultry industry with experts predicting further growth after imports declined significantly....Published: 20 Jan 2014 at 20:22hrs | | by Staff reporter
Zim bilateral trade agreements
Zimbabwe has bilateral trade agreements with several countries in which all qualifying goods enter the territory of one another without payment of customs duty. This article will focus on the followi...Published: 08 Nov 2012 at 03:30hrs | | by Business Reporter
Zimra's list of goods now attracting 25 percent surtax
Zimra announced on Friday a list goods that now attracts 25% surtax with effect from January 1. This announcement is expected to have an effect on food prices and other basic commodities as they are s...Published: 16 Jan 2012 at 08:25hrs | 1 | by Ndou Paul
Imported used cars decline at Beitbridge Border Post
Volumes of imported used cars arriving at Beitbridge Border Post has declined as large stocks that dealers had ordered ahead of the October 31 deadline prohibiting the importation of vehicles over fiv...Published: 30 Oct 2011 at 22:13hrs | | by Staff reporter
Rethink Used Car Import Ban
THE proposed ban of left-hand drive cars leaves me wondering if the Ministry of Transport is really in touch with what is on the ground.Let's start with the basics.Zimbabwe has been un...Published: 03 Jun 2011 at 14:27hrs | 4 | by Peter Chikonamombe
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