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Update on Acts and Statutory Instruments - Bill Watch 1/2012
Veritas
January 03, 2012
Both
Houses have adjourned until Tuesday 28th February 2012
Acts
Gazetted on 31st December
[Electronic
versions available from veritas@mango.zw]
- Finance (No.
2) Act
- Appropriation
(2012) Act
- Appropriation
(2011) Amendment Act.
Notes on Finance
(No. 2) Act: This Act gives effect to Budget measures on:
- income tax
[tax-free threshold raised; tax bands widened; bonus tax threshold
raised; presumptive tax extended to operators of speedboats, houseboats
and fishing rigs]
- value added
tax [VAT remittance period extended to 25th of following month]
- customs and
excise [reporting to customs officials by persons in charge of
motor vehicles and pilots of aircraft; customs rummage sales;
customs processing computer systems]
- royalties
on gold and platinum [up from 4.5% to 7% and 5% to 10%, respectively].
- The Act also
amends:
- the Companies
Act [by belatedly converting monetary amounts specified in provisions
of the Act to US dollars]
- the Deposit
Protection Corporation Act [this Act has not yet been gazetted,
although Parliament passed the Deposit
Protection Corporation Bill in mid-2011. When the Deposit
Protection Corporation Act is eventually gazetted, these amendments
will become effective immediately. Gazetting of the Deposit Protection
Corporation Act has presumably been delayed to ensure that it
did not appear on the statute book before these amendments. It
should also be noted that these amendments refer to the Bill as
passed by Parliament, which differs from the Bill originally gazetted;
as a result the amendments do not make sense when read in conjunction
with the original Bill. A version of the Bill as passed by Parliament
is available – see below.]
Status
of Bills
[Electronic
versions available from veritas@mango.zw]
Bills passed
by Parliament awaiting gazetting as Acts
- Deposit Protection
Corporation Bill [NEW electronic version now available containing
the Bill as passed by Parliament]
- Small Enterprises
Development Corporation Amendment Bill
Bill awaiting
Second Reading in the House of Assembly
Bills gazetted
and awaiting presentation
Older
Persons Bill [gazetted 9th September]
Lapsed Bills
awaiting restoration to the Order Paper
Government
Gazette
- Court calendars
for 2012 [Electronic versions available]
- Supreme Court
and High Court – GN 585/2011
- Labour Court
– GN 586/2011
- Trade marks
– SI 147/2011 contains the text of the Banjul Protocol plus
the text of the Regulations for implementing the Protocol made
by the African Regional Intellectual Property Organisation [ARIPO].
- Prisons:
dietary scale for prisoners – SI 149/2011 republishes the
dietary scale first gazetted by SI 97/2011. This time round the
“general observations” that were missing from SI 97/2011
are included, so the scale now makes more sense. [Electronic version
available.]
Traditional
leaders
SI 148/2011
gazettes new monthly allowances for headmen, acting headmen, village
heads and messengers of chiefs and headmen, backdated to 1st September
2011.
GN 591/2011,
gazetted on 23rd December by the Minister of Local Government, Rural
and Urban Development, places an unnamed area of resettlement land
under the authority of Chief Mangwende of Murehwa District in terms
of section 29 of the Traditional Leaders Act. The Macheke Service
Centre is excluded.
Ban on importation
of second-hand underclothing – SI 150/2011 is an amendment
to the Control of Goods {Open General Import Licence), effective
from 30th December 2011. It bans the importation of “articles
of second hand undergarments of any type, form or description, whether
purchased, donated or procured in any other manner”.
Pension and
Provident Funds and Insurers registration fees – SIs 151 and
152/2011 specify new fees.
VAT –
SI 153/2011 enacts new penalties, including civil penalties, for
failure to “fiscalise”, i.e., to comply with the VAT
(Fiscalised Recording of Taxable Transactions) Regulations. SI 154/2011
adds certain raw materials to Part II of the Second Schedule to
the VAT (General) Regulations, i.e., it zero rates the materials.
Customs duty
– SIs 155 to 159/2011, all effective from 1st January 2012,
deal with aspects of customs duty: SI 155 – SADC suspensions;
SI 156 – import surtax of 25% on second-hand light passenger
motor-vehicles more than 5 years old and other items; SI 157 –
rebates on travellers’ effects, ambulances for local authorities,
donated sports kit/equipment; SI 158 – suspension of duty
on listed items; SI 159 –amendments to customs tariff.
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legal responsibility for information supplied
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