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1-10 results from 1000 for query «tax»

November 10, 2018 12:50 PM Zimra tightens screws on $200 rebate

The Zimbabwe Revenue Authority (Zimra) has instructed its officers at the country’s border posts to strictly enforce the $200 rebate on imported goods for personal use. In a statement released yesterday, the national tax revenue collector said if the quantities imported by a traveller exceeds the stipulated maximum quantities, then the particular item will be deemed 7

November 8, 2018 9:27 AM Museveni signs social media, mobile money tax bill

Ugandan President Yoweri Museveni has signed into law an excise duty amendment bill that levies a mobile money tax and daily social media fee, a presidential spokesperson said here Wednesday. The bill taxes a daily fee of 200 shillings (0.05 U.S. dollars) for social media use and 0.5-percent excise duty on mobile money transactions to raise revenue for government 9

November 7, 2018 3:21 PM Fuel supplies back to normal

Petrol supplies have returned to normalcy at most service stations, while diesel is still in short supply. Zimbabwe was rocked by fuel shortages soon after Finance minister Mthuli Ncube announced a two percent tax on electronic transactions, which came on the backdrop of indications that he was to phase out bond notes. The shortages, attributed to the scarcity 11

October 31, 2018 5:45 PM Government owed over $4,5bn by tax dodgers

Government is owed over $4,5 billion by tax evaders, Finance ministry secretary George Guvamatanga has said. Presenting the 2018 expenditures and 2019 budget priorities before the parliamentary portfolio committee on Finance on Monday, Guvamatanga expressed concern over tax dodging. “It is important to note that we have a compliance issue, chairman 13

October 26, 2018 12:29 PM Key al-Shabaab commander killed, says AU force

The African Union force in Somalia says it has killed a “chief finance controller” for the al-Qaeda-linked al-Shabaab extremist group. The AU force in a series of tweets on Thursday says the commander, the head of tax collection in Lower Shabelle region, was killed after an ambush on Monday on an al-Shabaab meeting in Bariire. The extremists bring in funding 18

October 23, 2018 4:12 PM Doctors demand to be paid in US$

Doctors are demanding to be paid their salaries in United States dollars to cushion themselves from rampaging inflation. At the same time, the doctors have implored government to declare the situation in the health sector a state of emergency to enable it to seek aid from international partners. In a letter to Health Services Board (HSB) chairperson 15

October 15, 2018 4:19 PM Worry over inflation pressures

Renowned US economist Steve Hanke said Zimbabwe’s 2018 cumulative inflation hit 155,8 percent as of October 12. According to Hanke’s projections, the first country with highest inflation in the world is Venezuela, at 2 500 000 percent, followed by Iran at 273 percent and Zimbabwe at 155,8 percent. “My weekly world inflation roundup: New to the list is Zimbabwe 8

October 12, 2018 6:17 AM Whistleblower sues ZIMRA for $1,8m

A whistleblower who assisted the Zimbabwe Revenue Authority (ZIMRA) recover $18 million tax from a local mobile network service provider through a tip off, has taken the taxman to court claiming his 10 percent commission. The man (name withheld) supplied information that NetOne was flouting tax obligations, resulting in ZIMRA recovering $18 913 694 from the communication 24

September 10, 2018 10:45 PM New Finance Minister eyes urgent reforms

Newly appointed Finance Minister Mthuli Ncube, has pledged extensive economic reform measures expected to begin with scrapping of Zimbabwe’s surrogate currency, bond notes and reining in Government spending to restore macro-economic stability and sustainable growth. Ncube, a professor of economics and finance, said he already had plans and a vision of what reform 27

September 4, 2018 3:45 PM Nigeria hits MTN with $2bn tax bill

Africa’s largest mobile phone operator, MTN, says it has been hit with a $2bn (£1.5bn) tax bill by Nigeria just days after the country’s central bank slapped the company with an $8bn fine. As a result of MTN’s woes in its most lucrative market, the company’s shares have dropped by about 20% in under a week. MTN says the office of Nigeria’s attorney general 32