ICLG - Mining Laws and Regulations - Zimbabwe Chapter covers common issues in mining laws and regulations – including the acquisition of rights, ownership requirements and restrictions, …

In a landmark ruling, Zimasco has emerged victorious in a legal battle against the Zimbabwe Revenue Authority (Zimra), securing a judgment that absolves the company from paying US$10 million in royalties.This decision follows an extensive examination of Zimasco's tax affairs, particularly concerning the calculation of royalties …

Mining and Minerals; ... Applicable rates depend on the category of goods, but in general, the government charges higher import duties on finished goods than on raw materials and intermediate goods, as a means of assisting the country's manufacturing sector. ... The Reserve Bank of Zimbabwe (RBZ) and the Ministry of Finance and …

1. MINING –RATES OF ROYALTIES With effect from the 1 st January, 2011, the rates of royalties have been reviewed as follows:-

The accumulated storage fees were above the forced sale values of the vehicles." Research, by the local authority, showed that the Zimbabwe Revenue Authority (Zimra) charges US$10 storage fees per day for impounded vehicles. Local authorities with similar by-laws charged between US$10 and US$57 per day.

HARARE Small scale miners in Zimbabwe will acquire mining equipment on credit from a Chinese manufacturing company Zheijiang Manufacturers, it has been revealed. The Zimbabwe ... The farmers have expressed grave concerns over the prohibitive taxes that the Zimbabwe Revenue Authority (ZIMRA) charges for …

The Zimbabwe Revenue Authority (ZIMRA) hosted its 7th Annual General meeting in the Capital on 27 June 2024 during... 21 June 2024 ZIMRA Beitbridge donates uniforms to needy pupils at Lutumba

In a significant legal victory for Zimbabwe Alloy Smelting Company (ZIMASCO), the High Court has ruled that the Zimbabwe Revenue Authority (ZIMRA) cannot collect mining royalties on chrome ore concentrates and ferrochrome produced by the company prior to January 2022. This ruling prevents ZIMRA from claiming over …

Mining And Quarrying 5 Mining of coal and lignite 51 510 Mining of hard coal 52 520 Mining of lignite 6 Extraction of crude petroleum and natural gas 61 610 Extraction of crude petroleum ... equipment 251 Manufacture of structural metal products, tanks, reservoirs and steam generators

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ZIMRA (The Customs and Excise Department of the Zimbabwe Revenue Authority) is the body responsible for collecting taxes and other revenue streams for the government in Zimbabwe. The …

Miners were educated on the benefits of tax and customs compliance during the event, such as the VAT deferment provision which is granted to miners on importation of some capital equipment for the exclusive use in mining. Mr Simon Ganyani, from ZIMRA's Zvishavane office, took the opportunity to explain tax and customs issues. He highlighted ...

The $24 million that ZIMRA claims as underpaid royalties by Unki arises from the two parties' different interpretations of the tax regulations, leading to different …

The expenditure may take the form of surveys, sinking of boreholes, digging of trenches and pits, and other prospecting and exploratory works undertaken for the purposes of …

SECTION . EXPLANATION . Sect 16 (1) (a) The cost incurred by any taxpayer in personal maintenance, his family or establishment. Sect 16 (1) (b) Domestic or private expenses of the taxpayer, including expenses incurred in travelling between his home and the place at which he carries on a trade and, in the case of a taxpayer who carries on two or more …

Unki Platinum mine has taken the Zimbabwe Revenue Authority (ZIMRA) to court over a $24 million royalty dispute, court documents seen by Reuters show.. Unki filed an urgent application at the high court on Sept. 9 to stop ZIMRA from seizing the money from the miner's bank account, which ZIMRA claims is the value of royalties it is …

Item 28.2 - Withholding Tax on Director Fees The claim is only applicable to directors whose fees would have been subjected to a deduction of Withholding Tax. Item 31 - Shortfall/Overpayment

zimra charges for mining equipment in zimbabwe. zimra tax for mining companies afvalcontainersco . zimra mining taxes Zimra Tax For Miningpanies stellasports . Illicit Financial Flows in Zimbabwe"s Artisanal Mining Sector . Zimbabwean mining companies themselves, rather than ZIMRA, do much of the Ancient gold workings have been found …

Statutory Instrument 6 of 2016 allows importers in specified industries to import capital equipment without paying customs duty and VAT? Latest news headlines from Zimbabwe Situation ... equipment or machinery which is used exclusively for mining purposes on a registered mining location as defined in the mines and minerals act as …

By The NewsDay | Apr. 17, 2021 | 2 Min read. BY CHIEDZA KOWO GOVERNMENT has provided a list of mining goods that will attract a debate on duty. In a statement, the Zimbabwe Revenue Authority ...

Justice Paul Musithu declared schedules issued by ZIMRA to Zimasco on March 24, 2023, totalling $881,544,511 (Zimbabwe dollars) and about US$10,5 million …

Zimra Charges For Mining Equipment In Zimbabwe. Oct 2, 2013 ... New Zimbabwe Header ... Mining fees still too high: AfDB ... The Statutory Government arms and departments like ZIMRA, NSSA, EMA ... equipment which small scale miners can hire for a fee on production or share basis. Read more

Zimbabwe Revenue Authority. integrity transparency fairness commitment innovativeness. Enter search term ... 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 the vehicle and its …

Zimbabwe boasts a rich and diverse geological landscape that has earned it a prominent place on the global mining map. With close to 40 different minerals including abundant deposits of gold, platinum, diamonds, lithium, coal, chrome, nickel, and a host of other valuable minerals the country stands as an attractive location for investors seeking …

Capital allowances are deductions a business can claim for wear and tear of qualifying fixed assets bought and used in a trade or business. Under Section 33 of the Income Tax Act, …

sbm duty on mining equipment zimbabwePorous borders: How Zimbabwe loses millions to smuggling. Jun 17,2018.Just last month,the Zimbabwe Revenue Authority [Zimra] sent.but on paper,only the mining equipment that attracts 5% duty will be declared. mining equipment in zimbabwe for sale speeltuinlauradorp.nl Zimbabwe Mining …

Bulawayo businessman faces theft charges over mining equipment. ... THE Zimbabwe Revenue Authority has seized dialysis equipment donated to Mpilo Central Hospital over unpaid customs duty amounting to 3 000 pounds. Zimra is demanding duty upfront before it can release the medical equipment.– Chronicle. zimbabwe zimra. 0 …

The Minerals Marketing Corporation of Zimbabwe Act [Chapter 21:04] regulates the Corporation that is mandated to sell minerals in Zimbabwe. The Zimbabwe Mining Development Corporation Act [Chapter 21:08] provides for the establishment, constitution, functions, powers and duties of the Mining Development Board, and …

S.I. 203 of 2022 Customs and Excise Tariff Notice 2022 Tariff Handbokk Final.pdf

Treatment of interest charges in the customs value of imported goods; Mining Prospecting Expenses . Category: News ... prospecting and exploratory works undertaken for the purposes of acquiring rights to mine minerals or incurred on a mining location in Zimbabwe. This section excludes expenditure allowable as a deduction under Section …