Bill Watch 42/2019 [Mid-Year Budget
Review & Supplementary Budget Presented]
04 August 2019
Reserve Bank of Zimbabwe Amendment Bill [link]
As observed earlier in this bulletin, this Bill [gazetted on 23rd July] and Part V of the
draft Finance (No. 2) Bill, released in the Budget presentation on 1st August overlap.
This situation will need to be resolved.
Government Gazettes 1st and 2nd August
Gazette Extraordinary of 1st August No. 64
Budget - Excise duty changes with effect from 2nd August 2019
In the Budget speech these measures were described as striving to achieve an
optimal policy mix between specific and ad valorem excise taxes:
• on alcoholic beverages – SI 160/2019 [this review of the excise duty structure,
the Minister said, maintains the existing support framework for local industry]
• on petrol and diesel – SI 161/2019 [effect – price increases]
Regular Gazette of Friday 2nd August No. 65
Customs duty rebate on motor vehicles imported by Health Service workers
SI 163/2019 corrects anomalies in the existing rebate provision.
Income tax – deductions connected with farming operations
SI 164/2019 is a retroactive declaration of epidemic-stricken farms for a five-month
period in 2017. The beneficiary is Irvines Zimbabwe (Pvt) Ltd..
Local authority by-laws – Masvingo Rural District Council
SI 162/2019 is the council's Traffic, Clamping and Tow-away By-laws.
Gazette Extraordinary of 2nd August No. 66
This was solely to announce the appointments of ambassadors to (1) the Republic
of the Sudan and (2) the United Arab Emirates.
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