Bill Watch 57/2019 Update on Parliamentary Sittings 22 to 24 October 2019 7 November 2019 (Private) Limited infrastructure modernisation projects conducted using funds provided by the Bank. SI 227 exempts Huawei's receipts and accruals under the projects from income tax, non-resident tax on fees and capital gains tax. SI 228 provides for VAT refunds for the benefit of Huawei, NetOne and TelOne in respect of goods and services purchased for the projects using funds provided by the Bank. 1st November [Regular Friday Gazette] Customs duty suspension SI 230/2019 this lists provides for a two-year suspension of duty from 1st June 2019 on "power equipment, critical spares and transformer components" imported by ZESA group companies ZENT, ZETDC and ZPC. The list of goods covered fills several pages of small print. Gazetting of Veterans of the Liberation Struggle Bill [link] GN 2016/2019 announced the publication of this Bill with the Gazette. 1st November [Late Afternoon Gazette Extraordinary] New ZWL$5 and $2 banknotes SI 231/2019 [link] - Reserve Bank of Zimbabwe (Issue of Two Dollar and Five Dollar Banknotes ) Notice, 2019 was issued by the Minister of Finance and Economic Development and specifies the denominations, designs, form or material of new banknotes as determined by the President in terms of section 40(2) of the Reserve Bank of Zimbabwe Act. This SI permits the Reserve Bank to issue new banknotes as foreshadowed in the Press Statement 4th November on Deliberations of the Monetary Policy Committee [MPC] [link]. The MPC recommended a gradual increase in cash supply over the next six months in response to the need for more cash for transactional purposes, saying that the current proportion of cash at 4% of broad money supply was well below regional and international levels and had led to the present undesirable cash premiums. Note on issue of coins: Reserve Bank Governor Mangudya said in a Reserve Bank Public Notice dated 4th November [link] that in addition to the new banknotes, $2 bond coins will be issued. These new bond coins and the existing bond coins and bond notes will circulate alongside, and be interchangeable with, the two and five dollar banknotes issued in terms of SI 231. Veritas makes every effort to ensure reliable information, but cannot take legal responsibility for information supplied. If you want to contact Veritas, have any questions or wish to subscribe or unsubscribe please email veritas@mango.zw If you are looking for legislation please look for it on www.veritaszim.net Follow us on (+263 71 893 3633) This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.