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In 2004, the agency spearheaded the introduction of the value added tax in Zimbabwe, replacing the sales tax. The agency in the past has endorsed the presumptive tax and road tolls, as well as new systems like Asycuda World and a self-assessment system of taxation. [2]
Register of Tax Liens – register of tax liens put on a collateral, either a movable, such as a vehicle (a road vehicle, a rolling stock vehicle, an aircraft, a boat, or a ship, excluding ships registered by one of the 2 maritime chambers in the Register of Ships, because they are covered by a dedicated instrument called ship mortgage), other ...
Ministry of Finance and Investment Promotion formerly known as Ministry of Finance and Economic Development is a government ministry, responsible for the economy of Zimbabwe. The incumbent Finance Minister is Mthuli Ncube [ 1 ] while the Deputy Minister is David Kudakwashe Mnangagwa . [ 2 ]
It oversees the administration of indirect taxes, including customs duties, excise duties, and the Goods and Services Tax (GST). CBIC's function also extends to prevention of smuggling, illicit financial activities , and regulation and control of narcotics through its attached/subordinate offices.
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Cheque clearing (or check clearing in American English) or bank clearance is the process of moving cash (or its equivalent) from the bank on which a cheque is drawn to the bank in which it was deposited, usually accompanied by the movement of the cheque to the paying bank, either in the traditional physical paper form or digitally under a cheque truncation system.
A customs officer in Amsterdam Airport Schiphol checks the luggage of an incoming traveler. Vienna Convention road sign for customs Customs is an authority or agency in a country responsible for collecting tariffs and for controlling the flow of goods , including animals, transports, personal effects, and hazardous items, into and out of a country.
On 28 June 2011 ICAZ hosted a one-day tax conference in Harare with focus on taxpayers' rights to tax privacy, customs valuation of goods and international commercial terms. [ 6 ] In January 2018 ICAZ past president Martin Makaya stated that a sample by ICAZ of six state-owned entities had showed that only two chartered accountants were sitting ...