Indigenisation and Economic Empowerment Act updated as at 8th May 2015 PART V LEVIES 17 Imposition of levies (1) The Minister may, with the approval of the Minister responsible for finance and subject to subsection (3), by statutory instrument, impose one or more levies on any private or public company and any other business in Zimbabwe specified in the statutory instrument. (2) Subject to this Part, in regard to a levy imposed in terms of subsection (1), the Minister may, by statutory instrument, prescribe– (a) the persons who shall be responsible for the payment of the levy; and (b) the persons who shall be responsible for the collection and remittal of the levy; and (c) the manner in which and the times at which the levy shall be paid, collected and remitted; and (d) the period for which the levy shall be imposed; and (e) the imposition of interest and additionally, or alternatively, a surcharge if the levy is not paid within the time prescribed; and (f) the registration of companies and businesses for the purpose of the levy; and (g) the books and records to be kept and the returns and information to be furnished to the Minister and the Board or any other person for the purpose of the levy. (3) A statutory instrument may not be made in terms of subsection (1) or (2) unless a draft has been laid before and approved by resolution of Parliament. (4) All levy payments shall be remitted to the Fund. 18 Failure to pay, collect or remit levies (1) Any person who, being under an obligation to do so, without lawful excuse, fails or refuses to pay, collect or remit any levy or any interest or surcharge connected therewith shall be guilty of an offence and liable to a fine not exceeding level six or to imprisonment for a period not exceeding one year or to both such fine and such imprisonment. (2) The court convicting a person of an offence in terms of subsection (1) may, on the application of the prosecutor, and in addition to any penalty that it may impose, give summary judgment against the convicted person in favour of the Board, in its capacity as administrator of the Fund, for the amount of any levy, interest or surcharge which the person concerned has been convicted of failing or refusing to pay, collect or remit. PART VI GENERAL AND TRANSITIONAL 19 Minister may request information (1) Every company or business to which the provisions of this Act apply shall, on the written request of the Minister, furnish to him or her a copy of the company’s share register or other document recording the shareholdings or similar interests of the members of that company or owners of that business. - 15 -