Month: January 2025
Zimbabwe’s Customs and Excise Amendments: A Catalyst for Local Industry Growth and Fiscal Sustainability
As Zimbabwe welcomed the dawn of 2025, a significant shift in the nation’s economic landscape took center stage with the implementation of the Customs and Excise (Suspension) (Amendment) Regulations, 2024 (No. 277). The regulations, announced by the Minister of Finance, Economic Development, and Investment Promotion, marked a bold step towards industrial rejuvenation and fiscal sustainability. […]
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Zimbabwe Abolishes Death Penalty Through Historic Legislation
Zimbabwe has officially abolished the death penalty following the enactment of the Death Penalty Abolition Act [Chapter 9:26], marking a significant milestone in the country’s justice system. The law, signed by President ED Mnangagwa after being passed by Parliament, prohibits courts from imposing the death sentence for any crime, regardless of when it was committed. […]
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SADC Raises Concern Over Post-Election Violence in Mozambique, Urges Immediate End to Hostilities
The Southern African Development Community (SADC) has voiced deep concern over the post-election violence erupting in Mozambique after the Constitutional Council upheld the results of the country’s 9th October elections. Her Excellency President Dr. Samia Suluhu Hassan, President of the United Republic of Tanzania and Chairperson of the SADC Organ on Politics, Defence, and Security […]
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Fast Foods Tax Collection Commences Today
The newly introduced Fast Foods Tax collection and remittance starts today, 1st January 2025. This 1% tax, announced by the Minister of Finance, Economic Development, and Investment Promotion, Hon. Prof. Mthuli Ncube, was introduced during the presentation of the 2025 annual budget last November. The tax applies to a range of fast foods, including pizza, […]
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ZERA reviews price of LP Gas downwards following VAT exemption
The Zimbabwe Energy Regulatory Authority (ZERA)has reviewed the price of Liquified Petroleum Gas (LPG) following the exemption from value-added tax (VAT) with effect from 1 January 2025 promulgated in Finance (No. 2) Act, 2024. The price of LPG in United States Dollars, has been set at US$1.61 per Kg from US$1.86. The ZiG price has […]
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