Finance Act 2023 - Act 13 of 2023

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Gazetted 29-12-2023

 

14/12/23

: Date of gazetting[link]

14/12/23

: Bill introduced to the National Assembly

14/12/23

Minister’s Speech

14/12/23

Debates and reading of Committee Reports

 

Debates concluded

14/12/23

 

: First reading

14/12/23

 

: Bill referred to Parliamentary Legal Committee

14/12/23

: PLC issued a non-adverse report

 

14/12/23

: Bill’s Second Reading

14/12/23

: Committee Stage

15/12/23

: Third Reading

15/12/23

: Bill passed by National Assembly

15/12/23

: Bill transmitted to Senate

19/12/23

:2nd reading of the Bill

19/12/23

: Committee Stage

19/12/23

: Third Reading

19/12/23

: Bill passed by both houses

29/12/23

: Bill Gazetted as Act[link]

To make further provision for the revenues and public funds of Zimbabwe and to provide for matters connected therewith or incidental thereto. ENACTED by the Parliament and the President of Zimbabwe.

PART I

Preliminary

1 Short title

This Act may be cited as the Finance Act, 2023.

PART II

Income Tax

Amendments to Chapter I of Finance Act [Chapter 23:04]

2 Amendment of section 14 of Cap. 23:04

(1) Section 14 (“Income tax for periods of assessment after 1.4.88”) (2)(a) of the Finance Act [Chapter 23:04] is amended with effect from the year of assessment beginning on the 1st January, 2024, by the repeal of subparagraphs (i) to (vii) and the substitution of—

 

 

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