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Zimra Busts Massive Fuel Smuggling Syndicate

Zimra Busts Massive Fuel Smuggling Syndicate
newzimbabwe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newzimbabwe.com Daily Mail and Mail on Sunday newspapers.

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Zimra busts fuel transit fraud scam - The Zimbabwe Mail

Zimra busts fuel transit fraud scam - The Zimbabwe Mail
thezimbabwemail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thezimbabwemail.com Daily Mail and Mail on Sunday newspapers.

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Car import ban costs Zimra $3bn - Zimbabwe Situation

Car import ban costs Zimra $3bn BY REX MPHISA ZIMBABWE lost more than $3 billion in potential revenue in April alone following its ban on imports of vehicles that are older than 10 years. The number of vehicles imported has dropped steeply by between 2 000 and 3 000 per month. The drop also has ripple effect in the motor and downstream industries, with hundreds of Zimbabweans rendered jobless. On April 2 this year, Zimbabwe effected Statutory Instrument 89/2021 which banned all imports of mostly pre-owned cars that are 10 years and older. Figures of car imports dropped steeply from 4 776,4 153, 5 100 in January, February and March, respectively, to 2 034 in April when the new law came into effect.

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Tax laws strangle businesses - Zimbabwe Situation

Tax laws strangle businesses BY KENNETH MATIMAIRE BUSINESSES are struggling to comply with newly-set stringent tax clearance certification regulations that became effective at the beginning of the year. Statistics gathered from the Zimbabwe Revenue Authority (Zimra) showed that the tax compliance rate dropped by 37% following the introduction of the new regulations. Zimra, in November last year, said most operators were not remitting taxes in foreign currency and threatened to withhold 2021 tax clearance certificates to businesses that have not properly fiscalised their receipting. The tax collector revealed that only 40 061 businesses out of an annual average 63 000 that regularly apply for tax clearance, have acquired 2021 tax clearance certificates, translating to a 63% compliance rate.

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54 buses intercepted with smuggled goods as Zimbabwe tightens border controls

54 buses intercepted with smuggled goods as Zimbabwe tightens border controls 54 buses intercepted with smuggled goods as Zimbabwe tightens border controls distance buses in the car park FIFTY-FOUR buses transporting smuggled goods worth over US$20 million have been intercepted since the begging of March. As a result of the smuggling, the country has been losing millions of dollars in potential import revenue. An official within the national security cluster said between March 1 and April 29, they intercepted 54 buses carrying an assortment of smuggled goods worth over $20 million. “We have been intercepting some of the buses at security checkpoints between Beitbridge and Harare and Bulawayo,” said the official.

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