Discover and read the best of Twitter Threads about #dueexpropriation
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Thread on #ExportEarnings 🔥🔥🔥
@ZimFact @ZimTreasury @ReserveBankZIM @zimlive @kukurigoZW @HeraldZimbabwe @SundayMailZim @ZNCCNational @czionline @cifozim @PriscaMutema2 @baba_nyenyedzi @tatenda_jemwa @MugagaTakunda @FinancialZim @FingazLive @BusinessTimesZW
@ZimFact @ZimTreasury @ReserveBankZIM @zimlive @kukurigoZW @HeraldZimbabwe @SundayMailZim @ZNCCNational @czionline @cifozim @PriscaMutema2 @baba_nyenyedzi @tatenda_jemwa @MugagaTakunda @FinancialZim @FingazLive @BusinessTimesZW
1/ Any business concern that is into exporting activities generates its sales or revenue out of entrepreneurial ingenuity, funding, production & distribution.
It pays taxes like any other local business concern.
@MthuliNcube @GGuvamatanga @happ_zenge @elias_mambo
It pays taxes like any other local business concern.
@MthuliNcube @GGuvamatanga @happ_zenge @elias_mambo
2/ Apart from the same taxes that a non-exporting business pays, an exporting business is required currently to surrender a portion of its earnings to the RBZ payable at a fixed rate.
The balance after the #SurrenderRequirement is to be liquidated in 30 days.
The balance after the #SurrenderRequirement is to be liquidated in 30 days.
