منزل •zimra mining taxes

zimra mining taxes

  • Zimra raids mining companies' bank accounts

    THE Zimbabwe Revenue Authority (Zimra) last week reportedly garnished several mining companies' bank accounts with outstanding taxes in a reportedly desperate move to raise salaries and bonuses ...

  • Tax returns & submissions (per month) - Company ...

    Zimbabwean law requires companies (both PBCs and PLCs) to pay employee tax and income tax. We help you meet this statutory requirement through our tax returns and submission services: Calculating the tax due on your account. Preparing and submitting PAYE (employee tax) returns to ZIMRA. Preparing and submitting income tax returns to ZIMRA. PAYE returns are submitted monthly and a consolidated ...

  • Mining and Minerals Revenue Distribution in Zimbabwe ...

    Mining in Zimbabwe can be traced back to the 15 th century when people practiced traditional small-scale gold and iron mining. Modern mining started at the turn of the 20 th century with the re-examination of more than 4000 old mining centres by the British South Africa Company (BSAC) (Viewing, 1984). This led to the development

  • Zimbabwe - Corporate - Taxes on corporate income

    As of 1 January 2020, the corporate income tax (CIT) rate for companies (other than mining companies with special mining leases, but including branches) is reduced to 24.72% (previously 25.75%). This rate includes a base rate of 24% plus a 3% AIDS levy. Zimbabwe presently operates on a source-based tax system.

  • Explosive dossier exposes Chiadzwa gems tax sleaze ...

    September 24, 2021. A whistle-blower has submitted an explosive dossier to the Zimbabwe Revenue Authority (Zimra) providing insight into how diamond mining firms in the Chiadzwa diamond fields have evaded tax obligations, prejudicing the state of jaw-dropping sums of money running into millions of United States dollars. Vongai Mbara.

  • Mining Taxation In Zimbabwe | Ministry of Mines and Mining ...

    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 better living standards for all. Transparency features prominently in the Africa Mining Vision (AMV) which envisages "transparent, equitable and optimal exploitation ...

  • Zimra Charges For Mining Equipment In Zimbabwe

    The Zimbabwe Revenue Authority (ZIMRA) is the agent of the state that is in ... Income tax rate from mining operations is only taxed at 15% for companies and ... Duty exemption on specified capital equipment imported for use in the TDZs. Read more

  • Zimbabewe 2019 mid-term fiscal policy review

    Source: ZIMRA H1 2019 Report. Note: Prior year numbers reported in US$ have not been rebased. 43. 88. H1 2018. H1 2019. Mining Royalties. 17. 20. H1 2018. H1 2019. CGT. Intermediated Money Transfer Tax ("IMTT") With effect from 1 August 2019, the 2% intermediated money transfer tax is applicable on transactions of ZW$20 or more, subject to ...

  • ZIMRA Should Disclose Mining Tax Revenue – 263Chat

    ZIMRA Should Disclose Mining Tax Revenue By Guest Columnist on June 13, 2017 Mineral revenue transparency is a key ingredient for good mineral resource governance which is critical to transform mineral wealth into better living …

  • Zimra commences deducting mining royalties | Mining Index ...

    THE Zimbabwe Revenue Authority (Zimra) has started executing its recently added mandate of deducting mining royalties, through banking institutions, on behalf of Treasury. The tax authority said yesterday all mining entities and individuals …

  • Zimbabwe 2020 National Budget Statement Review Taxation ...

    Corporate Income Tax rate It is proposed to review the corporate income tax rate from 25% to 24%. The 3% aids levy still applies. Payment of certain taxes in foreign currency It appears the payment of tax in foreign currency now include the payment of royalties where royalties are settled in foreign currency.

  • 10 key points to curb mining revenue leakages in Zimbabwe ...

    Zimbabwe Revenue Authority (ZIMRA) should publicly disclose mining tax contribution to the Treasury and to go a step further and publicly disclose mining tax contribution per revenue head. The cost of tax incentives should be publicly disclosed in the national budget and harmful tax incentives must be eliminated.

  • Zimbabwe: Zimra Commences Deducting Mining Royalties

    The Zimbabwe Revenue Authority (Zimra) has begun deducting mining royalties on behalf of the national Treasury. The tax authority instructed all mining bodies to start abiding by the new conditions for making payments for mining royalties effective 27th May 2021.

  • Zimbabwe Revenue Authority (ZIMRA) - Zimbabwe Trade ...

    Presumptive Taxes– it's a concept of taxation according to which Income Tax is based on average income instead of actual income; Mining Royalties – charged in terms of the Mines and Minerals Act (Chapter 21:05) Capital Gains Tax (CGT) – levied on sale …

  • Explosive dossier exposes Chiadzwa gems tax sleaze - The ...

    A whistleblower has submitted an explosive dossier to the Zimbabwe Revenue Authority (Zimra) providing insight into how diamond mining firms in the Chiadzwa diamond fields in Manicaland, evaded tax obligations, prejudicing the state of jaw-dropping sums of money running into millions of United States dollars, the Zimbabwe Independent can exclusively reveal.

  • IRS Guidance On Cryptocurrency Mining Taxes | TaxBit Blog

    Yes, crypto miners have to pay taxes on the fair market value of the mined coins at the time of receipt. Mined cryptocurrency is taxed as income, with rates that vary between 10% - 37%. The IRS classifies mining income as self-employment income, and taxpayers may be responsible for self-employment taxes on mined income.

  • Explosive dossier exposes Chiadzwa gems tax sleaze ...

    September 20, 2021. 0 90. A whistleblower has submitted an explosive dossier to the Zimbabwe Revenue Authority (Zimra) providing insight into how diamond mining firms in the Chiadzwa diamond fields in Manicaland, evaded tax obligations, prejudicing the state of jaw-dropping sums of money running into millions of United States dollars.

  • Zimra executives in US$585m tax evasion corruption scandal ...

    Corruption skeletons involving a series of multi-billion-dollar tax evasion scandals are tumbling out of the Zimbabwe Revenue Authority (Zimra) cupboard amid a new corruption scam involving Chinese diamond miner Jinan Mining (Pvt) Ltd's dodgy US$585 million financial transfers across various jurisdictions, including Zimbabwe.. Documents show that despite being given …

  • 2016 tax reckoner - Grant Thornton Zimbabwe

    Income Tax- Corporate 3 Mining 8 ... Mining Contact us Tax relief measures for companies ... the withholding tax due to Zimra without any recourse. Contents Income Tax …

  • ZIMRA clarifies PAYE and VAT calculations | NANGO

    NANGO Board Chairperson, Ronika Mumbire, chaired a meeting between Zimbabwe Revenue Authority (ZIMRA) officials and NANGO members on 5 June 2019. The meeting deliberated on the PAYE and VAT calculations that were introduced through Public Notice 17 of 2019. The ZIMRA clarified that: Employers are required to calculate PAYE using the relevant tax tables.

  • Zimbabwe - Corporate - Tax credits and incentives

    Export expenditure incurred is deductible for tax purposes. For all manufacturing taxpayers exporting (by volume). 30% to 40% at 20.6%. 41% to 50% at 18.025% Over 51% at 15.45%: Taxed at 24.72%. Mining company holding a special mining lease. Taxed at a reduced rate of 15%. Taxed at 24.72%. Operator of a tourist facility in a tourist development ...

  • Zimra executives in US$585m tax evasion corruption scam ...

    CORRUPTION skeletons involving a series of multi-billion-dollar tax evasion scandals are tumbling out of the Zimbabwe Revenue Authority (Zimra) cupboard amid a new corruption scam involving Chinese diamond miner Jinan Mining (Pvt) Ltd's dodgy US$585 million financial transfers across various jurisdictions, including Zimbabwe. OWEN GAGARE New documents obtained this …

  • ZIMRA Should Disclose Mining Tax Revenue | 263Chat

    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 better living standards for all. Transparency features prominently in the Africa Mining Vision (AMV) which envisages "transparent, equitable and optimal exploitation ...

  • ZIMRA Should Disclose Mining Tax Revenue | 263Chat

    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 better living standards for all. Transparency features …

  • REV 1 ZIMBABWE REVENUE AUTHORITY APPLICATION …

    ZIMRA BLUE PRINT: Tax & Revenue Management REV 1 ZIMBABWE REVENUE AUTHORITY APPLICATION FOR REGISTRATION FORM New Registration Registration for Fiscalisation (complete part xii) Registration of Depositary (complete part xi) ... MINING AND QUARRYING Mining of coal and lignite Mining of hard coal

  • Zimra commences deducting mining royalties

    THE Zimbabwe Revenue Authority (Zimra) has started executing its recently added mandate of deducting mining royalties, through banking institutions, on behalf of Treasury. The tax authority said yesterday all mining entities and individuals should start complying with the new requirements for remitting mining royalties with effect from the 27th ...

  • Zimbabwe Revenue Authority

    Income of a company or trust derived from mining operations. 14 (2) g. 24%. Income for a person engaged in approved BOOT or BOT arrangement: First 5 years. 14 (2) h. 0%. Income for person engaged in approved BOOT or BOT arrangement: Second 5 years. 14 (2) h. 15%.