Global tax guide to doing business in Zimbabwe
Zimbabwe generally levies income tax on companies and individuals under the Income Tax Act [Chapter 23:06] in respect of income earned from sources within or deemed to be within Zimbabwe. A Capital Gains tax is also levied on gains made on sales or disposals of specified assets from a source within Zimbabwe. The Income Tax […]
What You Need to Know about the Deferral of Rental Mortgage During Lockdown
On 29th April 2020, the President of Zimbabwe issued the Presidential Powers (Temporary Measures) (Deferral of Rent and Mortgage Payments During National Lockdown) Regulations, 2020[1] on account that the national lockdown had put many people on forced leave from employment and therefore the people were unable to pay for their rentals and mortgage payment for […]
10 FAQs about COVID-19 & Employment Law in Zimbabwe
Can an employee unilaterally absent himself/herself from work? An employee cannot unilaterally absent himself/herself from work. The Employee has to get prior approval from the employer or apply for a leave of absence in terms of the relevant code of conduct. In fact, if an employee absents himself/herself for more than 5 days without leave […]
COVID-19: can a party invoke force majeure clauses to escape a contract?
News of COVID19 shocked the world when on New Years’ Eve it was reported that the virus had been detected in a region in China. Since then, it has spread to over 93 countries. Lockdowns and other restrictive impacts which arose as a result of COVID 19 no doubt can have a dilatory effect on […]
MawereSibanda announces new appointments: 1 January 2020
MawereSibanda Commercial Lawyers are pleased to announce the following appointments effective 1st January 2020. Partners Godknows Nyangwa Kelvin T. Madzedze Associate Partners Abigail Mbuyisa Ntokozo Siziba Associates For more information on our expertise, please visit our profile.
Alec Muza Reappointed to INTA International Amicus Committee
Alec Muza has been reappointed to the International Trademark Association (INTA) International Amicus Committee for the 2020-2021 term.
Zimbabwe Abolishes Multi-Currency System
On 24 June 2019, after a 10 year hiatus, the Zimbabwean dollar was reintroduced as sole legal tender in Zimbabwe.
Will Zimbabwe Abolish Indigenization Laws?
Zimbabwe is set to remove laws limiting foreign investment in the mining industry.
Changes to public procurement regulation in Zimbabwe
Zimbabwe’s new Public Procurement and Disposal of Public Assets Act {Chapter 22:23} (the Public Procurement Act) came into effect on 1 January 2018. The new Act repealed the Procurement Act {Chapter 22:14}.
How To Get An Investor Residence Permit
Advice for foreigners investing in Zimbabwe.