February 2017

BILL WATCH 5-2017

BILL WATCH 5/2017

[21st February 2017]

Parliament is Sitting Again This Week

VAT on Basic Commodities Revoked: SI 20/2017 Repealed and Replaced

On Thursday 16th February, and with immediate effect on and from that date [but not retrospectively], the Minister of Finance and Economic Development, by SI 26A/2017 [available here]—

Ministry Press Release re Lifting of VAT on Basic Goods by SI 26A/2017

In a Press Statement published in the press on Thursday 16th February 2017 the Permanent Secretary for Finance and Economic Development explained the effect of Statutory Instrument 26A/2017 published in the Government Gazette the same day.  

The crucial paragraphs of the Press Statement are--

4.   The  Statutory  Instrument takes  effect  from  16  February  2017, and  all  traders  in  such products should no longer charge VAT on the following items:

NEW National Peace & Reconciliation Commission Bill [H.B. 2-2017]

This Bill was gazetted on Friday 10th February 2017.  Comments and submissions for consideration by the relevant Parliamentary committee(s) may be submitted to the Clerk of Parliament by email to clerk@parlzim.gov.zw or by post to P.O. Box CY 298, Causeway, Harare or by delivery to the Kwame Nkrumah Avenue to Parliament in Harare.   Comments and submissions should reach Parliament on or before Friday 3rd March 2017.

10 Point Plan: Towards Democratic Elections in Zimbabwe

1. Government needs to immediately align all electoral laws with the Constitution of Zimbabwe. THE IMMEDIATE ALIGNMENT OF ELECTORAL LAW WILL ALLOW SUFFICIENT TIME FOR IMPLEMENTATION BEFORE ELECTION.
2. Enhance the Zimbabwe Electoral Commission independence and capacity. THE EXECUTIVE SHOULD NOT INTERFERE WITH ZEC OPERATIONS. REVIEW CLAUSES IN THE ELECTORAL ACT AND STOP ACTIONS THAT COMPROMISE THE INDEPENDENCE OF ZEC.

SI 2016-153 - Value Added Tax (Fiscalised Recording of Taxable Transactions) (Amendment) Regulations, 2016 (No. 8)

It is hereby notified that the Minister of Finance and Economic Development, in terms of section 78 of the Value Added Tax Act [Chapter 23:12], hereby makes the following regulations. These regulations may be cited as theValue Added Tax (Fiscalised Recording of Taxable Transactions) (Amendment) Regulations, 2016 (No. 8). These regulations shall come into effect on the 1st January, 2017.

SI 2017-21 - Electricity (Inefficient Lighting Products Ban and Labelling) Regulations, 2017

IT is hereby notified that the Minister of Energy and Power Development, in terms of section 65 of the Electricity Act [Chapter 13:19] and after consultation with the Zimbabwe Energy
Regulatory Authority, has made the following regulations. These regulations may be cited as the Electricity (Inefficient Lighting Products Ban and Labelling) Regulations, 2017.

VAT on basic goods - Ministerial Statement to Parliament (7 Feb 2017)

EXTRACT FROM NATIONAL ASSEMBLY HANSARD FOR 7th FEBRUARY 2017

MINISTERIAL STATEMENT

CURRENT STATUS OF VAT ON BASIC GOODS

THE MINISTER OF FINANCE AND ECONOMIC DEVELOPMENT (HON. CHINAMASA): Mr. Speaker Sir I crave the indulgence of the House to issue a Ministerial Statement. The Ministerial Statement is concerning the current status of the VAT on basic goods.

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