By Bianca Mahere, Associate. The first part of this article explored Income Tax in Zimbabwe. In this part we look at Capital Gains Tax (CGT). Capital Gains Tax is tax charged on the profit earned from disposing or selling certain types of assets. It can also be defined as tax on the growth in value […]
Taxes in the Zimbabwean Context. By Bianca Mahere, Associate. There are different types of taxes payable in Zimbabwe. Like every other government, the Zimbabwean government relies on taxes as a source of revenue to use in various government obligations. Individuals and companies have a number of tax obligations which will be discussed in this article. […]
By Tavonga Chirikure, Intern. According to the World Intellectual Property Organization trade secrets are intellectual property (IP) rights on confidential information which may be sold or licensed. Trade Secrets Qualities of a trade secret commercially valuable because it is secret original known only to a limited group of persons, subject to reasonable steps taken by […]
FINANCE ACT NO. 8 OF 2020. By Bianca W. Mahere, Associate. On the 28th of October 2020, the Zimbabwean government gazetted a number of amendments to the Finance Act [Chapter 23:04].This amendment also seeks to introduce changes to the Income Tax Act [Chapter 23:06], the Capital Gains Tax Act [Chapter 23:04], the Mines and Minerals […]
By Shamiso Mangwengwende, Associate On the 4th of June 2020 the Ministry of Finance issued guidelines and modalities for access to the 18-billion-dollar stimulus package that is aimed at assisting the recovery of businesses that have been affected by the economic slowdown caused by the Covid-19 pandemic. The package has been allocated to different sectors […]
