Deduction of input tax
Value Added Tax (VAT) is an invoice based tax. The tax invoice generated on both cash and credit transactions is the source document. Registered operators are allowed to deduct the … Read More
Category: Economy
Councils receive devolution funds
Local authorities have started receiving their “devolution funds” from central Government for locally-planned development, but the Government is in the process of fine-tuning the Constitution to speed up the decentralisation … Read More
Civil servants forex payment extended
GOVERNMENT has pledged to extend the foreign currency non-taxable Covid-19 allowance for civil servants and pensioners to December as it maintains its position of providing a living wage for its … Read More
Zim$ gains ground against US$ again
THE Zimbabwe dollar is gaining ground for the second week in a row against the United States dollar after the exchange rate continued to stabilise, closing Tuesday’s auction at $82,7 … Read More
Formal jobs increase by 20 percent
CUMULATIVE formal employment figures in Zimbabwe have increased by 20 percent to 1 296 million since 2017 when the Second Republic came into power, official figures show. The new administration … Read More
Sadc develops regional blue-print to tap into gas energy
THE Southern African Development Community (Sadc) is developing a Regional Gas Master Plan aimed at harnessing economic opportunities from the vast natural gas deposits that have recently been discovered in … Read More
Zimdollar consolidates auction gains
For the second week running, the Zimbabwe dollar yesterday firmed marginally against the US dollar in the weekly auction, this time by just under three quarters of a percent, to … Read More
Good tidings for consumers as spending power ticks up
The Confederation of Zimbabwe Retailers (CZR), says it expects consumer spending power to start picking up on the back of economic stabilisation strategies being implemented by Government as it emerged … Read More
Horticulture exports potential to generate US$1bn
ZIMBABWE has potential to generate more than US$1 billion from exporting horticultural products around the world riding on the country’s favourable climatic conditions and private sector participation. ZimTrade manager for … Read More
Coronavirus disrupts Africa’s fashion sector
The Covid-19 disruption of global value chains has negatively affected Africa’s fashion industry and is threatening jobs. According to the African Development Bank (AfDB), there is a need to re-build … Read More
