The CIF value of the imported goods is an aggregate of the cost of goods insurance freight and any other charges incurred outside Zimbabwe NB Proof of all these charges must be produced It is important to note that all exports require a customs declaration form CD1 to ensure that exporters remit proceeds back to the country within 90 days
1 form 56c e application for appointment of a bonded warehouse form 56c e application for appointment of a bonded download
Duty On Mining Equipment In Zimbabwe Mining Equipment Supplies For Sale In Zimbabwe The most popular zimbabwe mining equipment supplies classifieds by far 500000 visitors per month and over 30000 adverts Duty On Mining Equipment In Zimbabwe Whatever your requirements you ll find the perfect service oriented solution to match your specific
The Zimbabwe Chamber of Mines which represents major mining companies has said it is not worried about the new royalty policy because it does not amount to an increase in existing royalty rates
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
2 VAT could be deferred on some capital equipment for exclusive use in the mining manufacturing agricultural and aviation industries whose investment generally relies on imported capital Any person who produces proof to the satisfaction of the Commissioner General of the Zimbabwe Revenue Authority ZIMRA that they have imported goods of
2 TAXABLE AND EXEMPT SUPPLIES In terms of the Value Added Tax VAT Act [Chapter 23 12] VAT is levied on the supply of goods and services as well as on the importation and exportation of goods and/or services
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 subsequent transportation up to the first point of entry into Zimbabwe Other Charges $ VDP $ Duty $ Surtax $ VTP $ VAT $ Total
2 TAXABLE AND EXEMPT SUPPLIES In terms of the Value Added Tax VAT Act [Chapter 23 12] VAT is levied on the supply of goods and services as well as on the importation and exportation of goods and/or services
2 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 trades
Payment of Mining Royalties in Kind Royalties are paid to the Zimbabwe Revenue Authority [ZIMRA] and the amounts of royalties and the way in which they are collected are laid down in the Finance Act The SI purports to amend the Finance Act so that with effect from the 1st October 2022
Procedures and criteria of obtaining Mining Claims in Zimbabwe Introduction Foreign Investors are allowed to own 100% shareholding for mining operations in all minerals except for platinum and diamonds which the foreign investor is expected to jointly own with Government on a 51%/49% basis
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 US$10 million and nearly ZWL$1 billion in
1 Contribution for equipment construction extension maintenance of hospitals and procurement of drugs and equipment Sect 15 2 r1 The amount is limited to US $100 000 or ZiG equivalent per annum per taxpayer
Computers and other selected Information and Communication Technology ICT equipment can be imported Customs Duty free Customs Duty on the importation of products listed in the table below was removed in order to promote the development of the Information and Communication Technology Sector
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 decision follows an extensive examination of Zimasco s tax affairs particularly concerning the calculation of royalties from 2019 to 2022
Zimbabwe provided the first details of how a new mineral royalty policy will be enforced as the country considers more than doubling spending in 2023 to help revive an economy that exited a
The collection of revenue by the Zimbabwe Revenue Authority ZIMRA for the mining industry surpassed projections by per cent in 2022 ZIMRA annual report for 2022 reveals parts of machinery liquefied butanes and tyres Enforcement activities such as risk based post clearance audits and anti smuggling initiatives impacted positively
Mining Special Grant XX Annual Fee 680 00/ha/year Mining Special Grant Part XIX Annual Fee 1 275 00/ha/ year Section 303 Geophysical equipment hiring out ALL Cost of product plus 20% standard mark up Notes 1 The application fee is not refundable 2 All fees may be payable in foreign currency at the prevailing official
Zimbabwe plans to increase royalty rates on platinum producers and introduce one for lithium miners from Jan 1 as part of efforts to boost its coffers that have come under strain from weakening
3 2 For a former resident who enters Zimbabwe as a visitor and does not depart from Zimbabwe shall be deemed to be the first occasion on which the immigrant imports the vehicle within three months from the grant of the permanent returning resident status What documents does one need to submit to be considered for the immigrant s suspension
transaction concluded within or outside Zimbabwe whereby any mining title a has within the period of 10 years before 1st January 2024 been transferred to an entity which still Zimra 11 Contact Centre 585/ 08688007614 contactcentre
Source Zimra seizes goods container from returning citizen Newsday Zimbabwe A RETURNING resident who worked in the United Arab Emirates for 11 years had his goods that include a 40 foot container confiscated by the Zimbabwe Revenue Authority Zimra Kennedy Masvikeni took Zimra to the High Court challenging the seizure of his goods that
Producer to open a Bill of Entry account with Zimra quoting their individual BP account number About us Mining Zimbabwe is a leading publication and online platform that covers the mining industry in Zimbabwe We provide up to date news insights and analysis on the country s mining sector focusing on developments in mineral
