No. l 2018 24 Amendment of section 120 of Cap. 23:12 ( l) Section !2D ("Collection of tax on expmiation ofunheneti(.~iated platinum. detcm1ination of \'aluc thereof') of the \'alLK~ ,\dded Tax .'\ct [Chapter 23:121 hy the repeal of subsection (2) and the substitution of"(2) Notwithstanding section I 0( I), tax at the rate specified in the table helm\ on the nt!ue of unhcneficiatt~d platinum shall be levied on a supplier of s11ch platinum for export from Zimbahwe(a) if the supplier has built plant in Zimbabwe capable of producing platinum group concentrates, tax at the rate of live per centum on the Yalue of unheneficiatcd platinum; (b) if, additionally to the plant referred to in paragraph (a), the supplier has built plant in Zimbabwe capable of smelting to produce matte, tax at the rate of two comma fi\'e per centum on the value of unhcneficiall'd platinum; (c) if. additionally to the plant referred to in paragraph (a) and (h). the supplier has built in Zimbabwe a base metal rclinery capable of recovering base metals, tax at the rate of one per centum on the value of unhenc!iciated platinum; (d) at tht~ rate zero per centum on the value ofunheneficiated platinum in the case of a supplier who hegins operations as such on or after the I st January, 2018, and for a period of tin~ years alter that". (2) Despite section !4(2) of the Finance Act, 2014, sectioni2D ("Collection of tax on exportation of unbeneliciated platinum, determination of value thereof") of th<.· Yalue Added Tax Act (Chapter 23:1 2j has ctfect from the year of assessment bcf!inning on the I st January, 2019. 25 New section inserted after section 120 in Cap. 23:12 With effect from the 1sl January, 20 IS, the Value Added Tax Act [Chapter 23:12 J is amended by the insertion of the following section after section 12D- "12E Collection of tax on exportation of uncut and cut dimensional stone, determination of value thereof ( 1) Notwithstanding section l 0( 1). tax at the rate of(a) five per centum on the gross fair market value of uncut dimensional stone (that is to say marble or black granite hewn on location at the quarry with no or minimal trimming. drilling. cutting or grinding) shall be le\'ied on a supplier of such stone for export from Zimbabwe; (b) two corrm1a five per centum on the gross fair market value of cut dimensional stone (that is to say, marble or black granite sawn into sheets not exceeding a thickness of tive (5) centimetres) shall be levied on a supplier of such stone for export from Zimbabwe: Provided that no tax shall be payable if the sheets of cut dimensional stone are smoothed at the edges and polished in Zimbabwe. (2) for the purposes of this Act uncut or cut dimensional stone shall be deemed to be exported from Zimbabwe on the date on which such !'.tone is. in tenns of section 60 of the Customs Act !Chapter 23:02], deemed to be e\ported. II