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Zimra tax audit blitz alarms Zimbabwe business
The Zimbabwe National Chamber of Commerce (ZNCC) has raised concerns over the Zimbabwe Revenue Authority's (Zimra) intensified audit regime, warning that aggressive tax enforcement is placing undue co...Published: 24 May 2025 at 10:59hrs | 237 | by Staff reporter
President Ruto got away with murder in the ICC before
President Ruto thinks he can get away with any political conflict situation - even murder. We have more than 20 deaths resulting from serious demonstrations across Kenya. Listening to the exclusive pr...Published: 04 Jul 2024 at 19:55hrs | 40 | by Nomazulu Thata
Molai never sponsored Kasukuwere
Adam Molai, the tobacco tycoon and owner of Pacific Cigarette Company (PCC), has refuted allegations that he provided financial support for former Zanu-PF political commissar Saviour Kasukuwere's fail...Published: 16 Oct 2023 at 19:41hrs | 16 | by Staff reporter
Adam Molai's Pacific Cigarette Company forced into voluntary corporate rescue
Pacific Cigarette Company (PCC), led by local business magnate Adam Molai, has voluntarily initiated corporate rescue proceedings due to a substantial $19 million tax liability. This move comes amid a...Published: 09 Oct 2023 at 16:00hrs | 223 | by Staff reporter
Tax and Statistics: Tax benefits to forming a Sole Proprietorship
During the peak of the global pandemic in April 2020, former U.S. President Trump with the assistance of the Department of Treasury and the ...Published: 06 Oct 2021 at 13:02hrs | 25 | by Staff Writer
Mystery over Zimbabwe army deal?
MYSTERY over President Emmerson Mnangagwa's adviser and shadowy businessman Kudakwashe Tagwirei's murky purchase of the Zimbabwe Defence Forces (ZDF) partly-owned Pen East Mining's stake in platinum m...Published: 11 Jul 2021 at 20:43hrs | 24 | by Staff reporter
Mthuli Ncube: King of the Last Minute
On February 22, 2019, President Emmerson Mnangagwa issued the Presidential Powers (Temporary Measures) (Amendment of Reserve Bank of Zimbabwe Act and Issue of Real Time Gross Settlement Electronic Dol...Published: 02 Aug 2019 at 08:07hrs | 5 | by Mike Murenzvi
Whistle-blower claims US$300k from Zimra for character assassination
A WHISTLE-BLOWER, who allegedly assisted the Zimbabwe Revenue Authority (Zimra) to recover over US$600 million from tax defaulters, has petitioned the High Court seeking US$300 000 compensation, accus...Published: 02 Aug 2019 at 08:05hrs | 39 | by Staff reporter
Top tax tech tip` for savvy citizens
Tax time is over for this year, but it'll be around again soon enough. For quarterly filers, filing season is never more than a few weeks away, so now might be the best time to check out some tech tip...Published: 06 Jun 2019 at 07:50hrs | 2 | by Staff Writer
Strive Masiyiwa buys back controlling stake in Botswana's Mascom
MTN Group Ltd. announced the disposal of its share in a Botswana joint venture as Africa's biggest wireless carrier by revenue kicks off a drive to raise at least 15 billion rand ($1.1 billion) from a...Published: 07 Mar 2019 at 07:55hrs | 10 | by Staff reporter
Best advice on how to deal with current Zimbabwe economic crisis
Patience pays for our situation. What has contributed much to our current situation is that Zimbabwe pressed the panic button after contested elections. We need to move on and deal with what is curren...Published: 26 Oct 2018 at 07:15hrs | 1 | by Tinashe Eric Muzamhindo
Zimra insists on $100m loan tax
A DELAY by the Zimbabwe Revenue Authority in clarifying tax issues around a $100 million commercial loan recently advanced by the British government, through the state-run Commonwealth Development Fun...Published: 27 Jul 2018 at 11:20hrs | | by Staff reporter
Zimra raids Gweru council accounts
The Zimbabwe Revenue Authority (Zimra) has reportedly pounced on Gweru City Council bank accounts in a bid to garnish hundreds of thousands of dollars in unpaid tax, sources revealed to the Southern E...Published: 29 Jun 2018 at 07:50hrs | | by Staff reporter
Zimra slaps hoteliers with $3,8m tax bill
THE Zimbabwe Revenue Authority (Zimra) has slapped hoteliers with a US$3,8 million tax bill from outstanding obligations that accrued from the 15 percent value added tax (VAT) on food sold to fore...Published: 09 Apr 2017 at 08:09hrs | 1 | by Staff reporter
Man pays $3,000 tax bill using five wheelbarrows of coins
A US businessman in dispute with the Department of Motor Vehicles (DMV) has paid his $3,000 tax bill using five wheelbarrows containing 300,000 coins.Nick Stafford from Cedar Buff, Virgini...Published: 13 Jan 2017 at 10:51hrs | 1 | by BBC
$5 million tax bill for Vic - Falls hotels
The Zimbabwe Council for Tourism the industry representative body for the hospitality sector has engaged Government to keep the Zimbabwe Revenue Authority at bay after the latter slapped a $5,3 mi...Published: 17 Oct 2016 at 07:28hrs | 1 | by Staff reporter
Hwange in US$7,5m pre-payment deal
MANAGEMENT at Hwange Colliery Company Limited is confident of tying up a US$7,5 million deal with one of its suppliers through which the latter will pre-pay for a year's supply of coal.The fac...Published: 28 Feb 2016 at 17:26hrs | | by Africa Moyo
Zimra officials arrested in bribery scandal
TWO ZIMRA officials were arraigned before the courts for allegedly demanding and receiving a $1 150 bribe from a local dry cleaning company to cover up for the company's $6 500 tax arrears. Ll...Published: 28 Nov 2015 at 08:07hrs | | by Tendai Gukutikwa
Bosso, Zimra strike deal
THE embattled Highlanders' leadership has secured a tax clearance from Zimra to enable them to register and start using the luxury coach they took delivery of in June.Bosso fans have blamed th...Published: 01 Oct 2015 at 09:44hrs | 2 | by Ricky Zililo
Mujuru, Mnangagwa date MPs
Vice-President Joice Mujuru and Justice, Legal and Parliamentary Affairs Minister Emmerson Mnangagwa yesterday met Zanu-PF parliamentarians in Harare to have a postmortem of the last session of Parli...Published: 20 Nov 2014 at 05:51hrs | 1 | by Felex Share
Zanu-PF ministers bunk Parliament sessions
THE Second Session of the Eighth Parliament begins next Tuesday amid revelations that some ministers and their deputies bunk Parly sessions in pursuit of personal business.The revelations emer...Published: 20 Nov 2014 at 06:37hrs | | by Staff reporter
Zimra officers in court over $6m unpaid taxes
TWO Zimbabwe Revenue Authority officers landed themselves in murky water when they solicited for a bribe from Megalinks Pvt (Ltd) to help the firm evade paying over $6 million in taxes....Published: 11 Nov 2014 at 05:56hrs | 3 | by Staff reporter
'Implementation of the indigenisation policy heavily flawed,' says Mugabe
PRESIDENT Robert Mugabe has admitted the implementation of his government's indigenisation policy was heavily flawed, adding that some indigenous businesspersons had capitalised on the legal gaps...Published: 29 Oct 2014 at 06:05hrs | | by Staff reporter
Zimra revokes council accounts garnishment
The Zimbabwe Revenue Authority (Zimra) has rescinded garnishing Harare City Council accounts after Government undertook to offset the local authority's outstanding US$42 million tax bill on the streng...Published: 10 Aug 2014 at 10:49hrs | 1 | by Staff Reporter
EFF's Malema shrugs off court problems
Johannesburg - Economic Freedom Fighters leader Julius Malema has dismissed the notion that a court battle over unpaid taxes could see him lose his seat in Parliament, the Sunday Times reported....Published: 25 May 2014 at 13:50hrs | | by Sapa
Kereke takes on Zimra over tax assessments
The Zimbabwe Revenue Authority should be stopped from using its statutory powers to collect huge sums of money from businesses without making proper tax assessments, RMC Hospital owner Dr Munyaradzi K...Published: 20 Mar 2014 at 15:42hrs | 2 | by Fidelis Munyoro
Kereke tax dues slashed to $1.7m from $4
The Zimbabwe Revenue Authority has slashed RMC Hospital's tax bill from the original $4 million to $1,7 million after the hospital owner and Bikita West legislator Dr Munyaradzi Kereke submitted info...Published: 04 Mar 2014 at 07:29hrs | 1 | by Fidelis Munyoro
New Ghana VAT Act promulgated
26 February 2014: The controversial Value Added Tax (Amendment) Bill that was approved by the Ghana Parliament on 15 November 2013 despite a walkout by minority members received Presidential assen...Published: 26 Feb 2014 at 07:15hrs | 95 | by Celia Becker, Tax Executive at ENSafrica
Malema battles for political survival
Johannesburg - Embattled Economic Freedom Fighters leader Julius Malema will embark on a battle for political survival on Monday as he starts to fight off sequestration in the Pretoria High Court...Published: 09 Feb 2014 at 14:42hrs | 2 | by Staff reporter
Mugabe refuses to sign Biti Bill
Zanu-PF leader, President Robert Mugabe has refused to sign an Incomes Tax Bill that was sponsored by former Finance minister Tendai Biti, sending it back to the House of Assembly.Mugabe recei...Published: 23 Dec 2013 at 02:13hrs | 1 | by Staff Reporter
Income Tax Bill submitted to Mugabe
THE new Income Tax Bill, which seeks to broaden the tax base, repeal and replace the Income Tax Act and Capital Gains Tax Act, has been submitted to President Mugabe for his assent. According...Published: 25 Nov 2013 at 01:43hrs | 3 | by Staff Reporter
Malema's mansion to be auctioned again
Pretoria - Julius Malema's half-built Sandton mansion is set to go under the hammer for the second time later this month in a bid to pay off his R16m tax bill.According to the Sunday Independe...Published: 10 Nov 2013 at 08:55hrs | | by Staff Reporter
KPMG to host the 2013 IFRS, Tax and Business Seminar
KPMG Chartered Accountants Zimbabwe (KPMG) will be hosting its IFRS and Business seminar on 20 September 2013. The seminar is an annual event and has been running for the past 8 years. It pro...Published: 19 Sep 2013 at 10:21hrs | | by Own correspondent
Man who bought Malema mansion broke
Pretoria - The man who bought the Sandton mansion that belonged to former ANC Youth League leader Julius Malema has forfeited his R1m deposit after failing to come up with the balance of R5.9m that he...Published: 01 Sep 2013 at 06:15hrs | | by Staff Reporter
Dolce and Gabbana gets jail sentence
Milan - Fashion designers Domenico Dolce and Stefano Gabbana were handed a 20-month suspended prison sentence and a heavy fine on Wednesday for hiding hundreds of millions of euros from the Italian ta...Published: 19 Jun 2013 at 18:38hrs | 1 | by Reuters
Julius Malema's farm auctioned for R2.5m
Johannesburg - Expelled ANC Youth League leader Julius Malema's cabbage and tomato farm in Limpopo was on Monday auctioned for R2.5m, the SABC reported.The national broadcaster said the succe...Published: 10 Jun 2013 at 12:21hrs | | by Staff Reporter
Committee to block passage of the Income Tax Bill
The parliamentary portfolio Committee on Budget, Finance and Investment is this week expected to block debate and subsequent passage of the Income Tax Bill being steered by FinanceMinister Ten...Published: 03 Jun 2013 at 00:09hrs | | by Staff Reporter
'Our current Income Tax Act is very much in favour of the mining industry,' says Biti
GOVERNMENT wants to rationalise the tax regime so that it is not discriminatory against the poor and treat everyone fairly, a Cabinet minister has said.Finance Minister Tendai Biti said the...Published: 09 May 2013 at 04:21hrs | | by Staff Reporter
Malema's house to be auctioned on Thursday
Expelled ANCYL president Julius Malema's half-built Sandown mansion will go under the hammer on Thursday."At the moment, in excess of 30 people have shown interest," Geldenhuys was quoted as s...Published: 08 May 2013 at 08:34hrs | 2 | by Sapa
Malema faces new court action
Former ANC Youth League head and fraud-accused Julius Malema faces new court action after he allegedly failed to disclose a number of his assets, the Sunday Independent reported.The curators o...Published: 31 Mar 2013 at 12:34hrs | | by Mafu Sithabile
Facebook founder Mark Zuckerberg to pay $1.1 billion tax for 2012
Facebook founder Mark Zuckerberg is on the hook for a $1.1 billion tax bill for 2012, the result of his company’s going public last year.That decision gave Zuckerberg, the co...Published: 29 Mar 2013 at 04:07hrs | 1 | by Staff Reporter
Malema farm seized
A Limpopo farm said to be owned by fraud-accused Julius Malema has been seized by the Asset Forfeiture Unit, the National Prosecuting Authority (NPA) said yesterday."On [Monday], the Asset Fo...Published: 20 Mar 2013 at 06:38hrs | | by Sapa
Julius Malema misses tax deadline
Former ANC Youth League leader Julius Malema has missed the deadline to challenge the SA Revenue Services' application for the sequestration of his estate to cover a R16 million tax bill, The Times r...Published: 19 Mar 2013 at 05:36hrs | | by Sapa
Residence basis of taxation: what to expect from the new Income Tax Act
The Income Tax Act (Chapter 23:06) which was first enacted in 1967 is to be replaced by a new Income Tax Act (Chapter 23:13) with effect from 1 January 2014. In this regard, Income Tax Bill, 2012 was...Published: 07 Mar 2013 at 11:33hrs | 20 | by Max Mangoro is a Partner at Ernst & Young in the Tax Advisory Service Line
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