NSSA waives P4 late submission penalty

The National Social Security Authority (NSSA) says it has waived penalties for the late submission of P4 returns.

The welcome development is aimed at encouraging compliance and support business recovery and sustainability. Beneficiaries of the blanket waiver are corporates with outstanding P4 submission penalties from January to November 2024.

To be eligible, the companies are expected to submit a formal application letter, upload the outstanding P4 returns to current and settling all outstanding contributions as well as updating employee records. Employers have been called upon to embrace this initiative. NSSA is committed to enhancing social security.

John Tanyanyiwa

Business

Tourism business costs slashed

Zimbabwe is making big moves to boost its tourism sector! The government has slashed tourism business costs to lure more investments and reduce the cost of doing business, aligning with the country’s mantra “Zimbabwe is open for business”. Key Fee Reductions: These reductions aim to stimulate tourism investment, create jobs, and increase foreign currency earnings, […]

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Business

ZERA dismiss claims it seeks to tax solar energy users

Zimbabwe Energy Regulatory Authority (ZERA) has issued a statement dismissing as false claims that it will impose a tax on solar energy users. The authority says the report is entirely fabricated and should be ignored. FACT: – No tax or levy is required to install or own a solar system for domestic use.– Government’s National […]

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Business

ASB Hospitality Acquires Makasa Sun in USD 30 Million Deal

First Capital Bank Limited (FCB) and its co-shareholder, First Capital Bank Staff Pension Fund, have signed an agreement to sell their 100% stake in Makasa Sun (Private) Limited to ASB Hospitality LLC for USD 30 million. The sale, subject to regulatory approvals, includes: Shareholders will be updated as approvals are secured.

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