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Old Mutual, PPC engage govt


Zimbabwe’s diversified financial services group, Old Mutual and cement maker, PPC Limited, are in discussion with the government over sticking issues as the counters eye a listing on the Victoria Falls Stock Exchange (VFEX), the local bourse’s CEO has revealed.
Last year, the  government suspended trading in three dual-listed counters Old Mutual, PPC Limited and Seed Co arguing that their stocks had become vehicles for repatriating investment out of the country, fuelling currency distortions and a spike in exchange rate.
It decreed that the counters have to delist from ZSE and join the VFEX.
Seed Co International is now listed on VFEX after delisting from the ZSE. Its fungibility was also restored. ....

South Africa , City Of , United Kingdom , Victoria Falls , Matabeleland North , Justin Bgoni , London Stock Exchange , Pensions Commission , Johannesburg Stock Exchange , Seed Co International , Victoria Falls Stock Exchange , Seed Co , Old Mutual , Exchange Control , Reserve Bank , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , விக்டோரியா விழும் , லண்டன் ஸ்டாக் பரிமாற்றம் , ஓய்வூதியங்கள் தரகு , ஜோகன்னஸ்பர்க் ஸ்டாக் பரிமாற்றம் , விதை இணை சர்வதேச , விக்டோரியா விழும் ஸ்டாக் பரிமாற்றம் , விதை இணை , பழையது பரஸ்பர , பரிமாற்றம் கட்டுப்பாடு ,

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. ....

Francis Chimanda , Zimbabwe Revenue Authority Zimra , Zimbabwe Revenue Authority , Finance Act , Statutory Instrument , Exchange Control , Exclusive Use , Zimbabwe Dollar , Domestic Transactions , Informal Trader Tax , ஸிஂபாப்வே வருவாய் அதிகாரம் , நிதி நாடகம் , சட்டரீதியான கருவி , பரிமாற்றம் கட்டுப்பாடு , பிரத்தியேக பயன்பாடு , ஸிஂபாப்வே டாலர் , உள்நாட்டு பரிவர்த்தனைகள் ,

Emigrating at 55 plus? You still pay tax and you'll wait for your RA


Emigrating at 55 plus? You still pay tax and you’ll wait for your RA
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If you’re 55 plus and have emigrated or are intending to emigrate, you’ll still have to submit annual returns to SARS and pay tax on your worldwide income for the rest of your life. ....

South Africa , Lovemore Ndlovu , Melanie Browne , Exchange Control Specialist , Financial Emigration Application Specialist , Tax Consulting South Africa , Expatriate Taxation , Exchange Control , மெலனி பிரவுன் , பரிமாற்றம் கட்டுப்பாடு ,