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ZIMRA’s New Fuel Duty Rules Spark Debate

General, Taxation
New Fuel Duty Regulations: A Comprehensive Overview The Zimbabwe Revenue Authority (ZIMRA) has recently introduced new regulations concerning the payment of duty on fuel in transit, effective from August 10, 2024. This move follows the 2024 Mid-term budget announcement by the Minister of Finance, Economic Development, and Investment Promotion. The new regulations mandate that all fuel types, including petrol, diesel,…
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Key Insights from the 2024 Mid-Term Budget Review

Accounting, Taxation
The 2024 Mid-Term Budget and Economic Review, delivered on July 25, 2024, introduced a series of significant changes aimed at fostering economic growth, strengthening tax administration and promoting the use of the local currency in Zimbabwe. As businesses and individuals digest these updates, it is important to understand the specific areas of focus, the potential impacts on different sectors and…
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ZiG’s Bold Blueprint: Stability and Growth

Taxation
Zimbabwe's Fiscal Policy: Anchoring Stability and Driving Growth In a strategic move to bolster economic stability and stimulate growth, the Zimbabwean government has unveiled a series of innovative measures aimed at promoting the adoption of the Zimbabwe Gold (ZiG) currency and implementing tax relief initiatives. Announced by Professor Mthuli Ncube, the Minister of Finance, Economic Development, and Investment Promotion, during…
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