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Should Zimbabweans worry about tax Exemptions?

Should Zimbabweans worry about tax Exemptions?
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On the 27
th of January 2021 the government of Zimbabwe through the Minister of Finance gazetted the Income Tax (Exemption from Income Tax) (Great Dyke Investments Private Limited) Notice, 2021 or the Statutory Instrument 26 of 2021. In a context where the country has been exposed for its fragile public health and education services by the Covid-19 pandemic, the act of surrendering the tax rights by government confirms that government is not pro poor. Especially considering that there is no empirical evidence that shows tax incentives attract meaningful mining investment in developing countries. It is baffling to observe that tax exemptions are generously granted to mining companies who engage in harmful and aggressive corporate behaviour that undermine tax revenue mobilisation efforts of the government. At a time when Africa has shifted gears for a continental free t ....

Great Dyke , Zimbabwe General , Great Dyke Investments Private , Platinum Group Metal , Income Tax , Great Dyke Investments Private Limited , Statutory Instrument , Third Schedule , Income Tax Act , Great Dyke Investments , Special Mining Lease Agreement , Value Added Tax , நன்று டைக் , ஸிஂபாப்வே ஜநரல் , நன்று டைக் முதலீடுகள் ப்ரைவேட் , வன்பொன் குழு உலோகம் , வருமானம் வரி , நன்று டைக் முதலீடுகள் ப்ரைவேட் வரையறுக்கப்பட்டவை , சட்டரீதியான கருவி , மூன்றாவது அட்டவணை , வருமானம் வரி நாடகம் , நன்று டைக் முதலீடுகள் , மதிப்பு வரி ,

Foreign entities can now fully own mines in Zimbabwe following outcry

iStock/ Juan Jose Napuri
Foreign entities can now fully own mines in Zimbabwe, including diamond and platinum mines, following Zimbabwe s withdrawal of its indigenisation amendment.
This after the Zimbabwean government deleted an amendment to the Finance Act which had given it the power to control at least 51% ownership in mining entities.
The amendment was seen by many as a way of reintroducing the country s controversial indigenisation laws on the mining sector.
The Zimbabwe government has deleted an amendment to the Finance Act which had given it the power to control at least 51% ownership in mining entities.
As reported by Fin24 last week, the Zimbabwe government had enacted under its laws a section that gave the minister of mines, in consultation with the minister of finance, powers to secure 51% in any chosen mine house through an appropriate designated entity (local shareholders). ....

Great Dyke , Zimbabwe General , Mthuli Ncube , Great Dyke Investments Private , Russia Vi Holdings , Economic Development , Finance Act , Great Dyke Investments , Government Gazette Extraordinary , Income Tax Act , Special Mining Lease Agreement , நன்று டைக் , ஸிஂபாப்வே ஜநரல் , நன்று டைக் முதலீடுகள் ப்ரைவேட் , ரஷ்யா வி ஹோல்டிங்ஸ் , பொருளாதார வளர்ச்சி , நிதி நாடகம் , நன்று டைக் முதலீடுகள் , அரசு கஸெட் அசாதாரண , வருமானம் வரி நாடகம் ,