News
ZIMRA fishes several medals on the shore of Lake Malawi

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It was a harvest of three gold, four silver and three bronze medals as team ZIMRA continued to excel in the Inter-Revenue Authority Games. The games were held in Mangochi, Malawi from March 30, 2018 to April 1, 2018 under the theme bringing tax into play.

 
WCO Digital Customs and e-Commerce Workshop

WCO Digital Customs and e-Commerce Workshop

The Zimbabwe Revenue Authority (ZIMRA) hosted the Digital Customs and e-Commerce Workshop in collaboration with the World Customs Organisation (WCO) in Harare on 26 March 2018.

Speaking on behalf of the Commissioner General of ZIMRA during the official opening of the workshop, the ZIMRA Head: Risk and Compliance, Mr Adrian Swarres said that there is need to keep up with the most trendy and effective tools and techniques that are effective in day to day operations.

 
Tax Incentives under Customs and Excise

 

Tax incentives are generally defined as fiscal measures that are used to attract local or foreign investment capital to certain economic activities or particular areas in a country’. Generally tax incentives must confer an advantage on the beneficiary while at the same time imposing a cost on the government.

The Zimbabwe Revenue Authority administers various tax incentives aimed at promoting investment while the Ministry of Industry and International Trade, the Industrial Development Corporation and the Zimbabwe Investment Authority are the main administrators of non-tax incentives. Revenue incentives in Zimbabwe apply equally to both domestic and foreign investors and the major goals of incentives in place are: -

  • Income generation
  • Export promotion
  • Employment creation and skills transfer
  • Small business development
  • Industrial development
  • Revenue inflows

Like many other developing countries, Zimbabwe offers a number of tax and customs incentives in the form of tax holidays, reduced tax rates, and accelerated depreciation.  The incentives are given by sector, type of activity, form of organization, and geographical location of investment as follows:-

Incentives under Customs and Excise

Most of these incentives come in the form of rebates and suspension of duty and the summary is shown below:

Rebates, Refund or Suspension of Duty

(a) Rebate of duty on goods for the mining industry

It is granted on the following specified articles when imported or taken out of bond or purchased from the licensed premises of a manufacturer by a person engaged in the mining industry:

  • eucalyptus, pine and other oils for use in the extraction of gold and other minerals by the flotation process
  • chemical substances, other than spirits, methylated spirits, fuel oils, lubricants and nitrate of lead, for use in any process for the concentration or refining of ore, or for assay or research purposes

(b) Rebate of duty on goods for the prospecting and research for mineral deposits

Granted on goods which are imported by a person who has entered into a contract with the Government, which is approved by the Commissioner, for the prospecting and search for mineral deposits

(c) Rebate of duty on materials to be used in the preparation and packaging of fresh produce for export

Granted on such materials as the Commissioner may approve when such materials are imported to be used in the preparation and packaging of fresh produce for export by a person or organization approved by the Commissioner.

(d) Rebate of duty on goods imported in terms of an agreement entered into pursuant to a special mining lease

Granted on goods which the Secretary for Mines certifies are eligible for a rebate of duty in terms of an agreement in the special mining lease.

(e) Rebate of duty on goods imported temporarily for an approved project

Granted on goods which are temporarily imported by contractors or other persons for completion of approved projects as may have been approved by the Minister

(f) Rebate of duty on goods for incorporation in the construction of approved projects

Granted on components or materials for incorporation in the construction of approved projects as may be approved by the Minister. The condition is that the components or materials must not be produced locally.

(g) Suspension of Duty on Goods Imported for Specific Mine Development Operations

Suspension of customs duty on goods imported for specific operations to be carried out for or in connection with the development of a mine situated in a mining area and include:

  • the sinking of shafts; and
  • the installation of machinery, equipment, implements, utensils and other articles required for the purposes of producing minerals; and
  • the construction and erection of facilities for the production, treatment, storage, gathering and conveyance of minerals.

(h) Inward processing rebate: S I 59 of 1997

This provides for rebate of duty on goods imported for use in a process of manufacture of goods for export. Anyone who wants to import or take out of bond goods for inward processing should first apply and get registered under this facility.

(k) Registered aircraft assembler: S I 18 of 2001

Rebate is granted to a registered assembler on component parts and materials imported or taken out of bond, for use in the assembly of aircraft.

(l) Registered bus assembler: S I 169 of 2004

Rebate is granted to a registered assembler on component parts and materials imported or taken out of bond, for use in the assembly of buses.

(m) Registered electrical manufacturer: S I 378 of 1999

Rebate is granted to a registered manufacturer on component parts and materials imported or taken out of bond, in their completely knocked down state, for use in the manufacture of approved electrical goods.

(n) Registered motor vehicle assembler: S I 13 of 1999

Rebate is granted to a registered motor vehicle assembler on component parts imported or taken out of bond, for use in the assembly of motor vehicles.

(o) Registered tyre manufacturer: S I 265 of 2001

Rebate is granted to a registered manufacturer on materials listed in the 2nd schedule to the S.I. imported or taken out of bond, for use in the manufacturer of tyres.

(p) Registered pharmaceutical manufacturer: S I 174 of 2005

Rebate is granted to a registered manufacturer on materials imported or taken out of bond, for use in the manufacturer of approved pharmaceutical products.

The 7 day Credit facility for importations SI 74 of 2009

This is granted by ZIMRA to approved importer or agent wishing to remove imported goods under the 7 day credit facility upon fulfilment of the prescribed conditions. The person making entry of such goods thus defers payment of the duty thereon for a period of up to seven days from the date of entry.

 
ZIMRA Commissioner General calls for partnership between ZIMRA and stakeholders

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The Zimbabwe Revenue Authority (ZIMRA) Commissioner General, Ms Faith Mazani, emphasised the importance of the partnership between ZIMRA and all its stakeholders, including the Shipping and Forwarding Agents Association of Zimbabwe (SFAAZ) as a way of promoting synergies and economic development.

 
CG intensifies stakeholder engangements

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The Zimbabwe Revenue Authority (ZIMRA) is in the process of introducing a single window system at border posts, said ZIMRA Commissioner General Ms Faith Mazani while speaking at the Methodist Church in Zimbabwe Refresh Conference on 24 February 2018. The conference was held at Touch of Grace conference in Highlands Harare.

 
CG hits the ground running

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The newly appointed Zimbabwe Revenue Authority (ZIMRA) Commissioner General, Ms Faith Mazani has hit the ground running, focusing on her vision, which borders on what she has termed “the four Ps”, constituting people, processes, projects and partnerships.

 
ZIMRA records 28 pc revenue growth for January

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Harare, 6 February 2018: The Zimbabwe Revenue Authority (ZIMRA) has surpassed the January 2018 revenue target after gross collections amounted to US$350.97 million against a target of US$325.05 million, while net collections stood at US$336.99 million. Net revenue collections for January 2018, which were 3.67 percent above target, grew by 28.56 percent from the US$262.13 million that was collected during the same period last year.

 
ZIMRA Celebrates International Customs Day

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The Zimbabwe Revenue Authority (ZIMRA) along with its customs and border management partners around the world celebrated International Customs Day commemorations, which were held in Mutare on 26 January 2018.

This year’s commemorations ran under the theme, “A secure business environment for economic development”. The theme goes in line with the ZIMRA Board’s drive to create a conducive environment for efficient revenue collection and trade facilitation.

 
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