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(2) If required to do so by the Zimbabwe Revenue Authority an oil company or other
person or entity referred to in subsection (1) shall supply the Zimbabwe Revenue
Authority with such accounts, reports, documents and information as may reasonably be
required to ascertain whether or not the oil company, person or entity concerned is
complying with subsection (1).
Application of moneys received in terms of this Schedule
3.(1) The Minister responsible for energy, in consultation with the Minister
responsible for finance, shall ensure that all moneys received by the Zimbabwe Revenue
Authority in terms of this Schedule are deposited in the NOCZIM Debt Redemption
Sinking Fund and applied towards the settlement of debts incurred by NOCZIM in the
procurement of petroleum products, whether such debts are incurred before or after the
1st January, 2004, and, in so doing, the Minister, in consultation with the Minister
responsible for finance, may direct the order and manner in which NOCZIM is to settle
its debts.
(2) NOCZIM shall take all necessary steps to comply with any direction referred to
in subsection (1).”
PART III
STAMP DUTIES
Amendment of Chapter II of Finance Act [Chapter 23:04]
22
Amendment of Schedule to Chapter II of Cap. 23:04
With effect from the 1st January, 2004, the Schedule (“Stamp Duty on Instruments and
other Matters”) to Chapter II of the Finance Act [Chapter 23:04] is amended—
(a) in item 2 in paragraph (1) by the deletion of “1 00” and the substitution of “2 00”;
(b) by the insertion of the following item after item 2—
“Item 2A. OFF-MARKET SHARE TRANSFER INSTRUMENTS
Any off-market share transfer instrument referred to in section 17A of the
principal Act …………………………………………..…….. 2 00”;
(c) in item 3 by the deletion of “5 00” and the substitution of “50 00”.
Amendment of Stamp Duties Act [Chapter 23:09]
23
Amendment of Cap. 23:09
With effect from the 1st January, 2004, the Stamp Duties Act [Chapter 23:09] is
amended⎯
(a) by the insertion after section 17 of the following section⎯
Select target paragraph3
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