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    Capital Allowances Zimbabwe Revenue Authority (ZIMRA)

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    Lovemore Chigwanda
    Capital Allowances Zimbabwe

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Capital Allowances Zimbabwe Revenue Authority (ZIMRA)

    Uploaded by

    Lovemore Chigwanda
    556 views1 page
    Capital Allowances Zimbabwe

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    Capital Allowances Zimbabwe Revenue Authority (ZIMRA)

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    © © All Rights Reserved

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    Capital Allowances Zimbabwe

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    556 views1 page

    Capital Allowances Zimbabwe Revenue Authority (ZIMRA)

    Uploaded by

    Lovemore Chigwanda
    Capital Allowances Zimbabwe

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Capital allowances | Zimbabwe Revenue Authority (ZIMRA)

    Latest News

    Home

    ZIMRA Search
    Home

    About

    VAT

    Customs

    Taxes

    Notices

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    FAQ

    Contacts

    Site Search...
    Tariff Search...
    Clearing Agents/Declarants

    Capital
    allowances
    Capital allowance

    4th schedule
    paragraph

    Limit

    Passenger Motor Vehicle

    14(1)(m)

    The limit was pegged at US$10 000

    Any Staff Housing

    1(p)

    The limit was pegged at US$25 000

    School, hospital, nursing home or clinic

    15(2)

    Cost to the employer. No limit

    Staff housing for employees at a school, hospital,


    nursing home or clinic which qualifies as farm
    improvements and alteration and additions thereto.

    15(3)

    Cost to the employer. No limit

    SIA for Small to Medium Enterprises

    Para 9(g)

    ZIMRA Exchange Rates


    United States,
    Dollar
    (USD)
    United
    States,
    Dollar
    (USD)

    USD to Selected
    Currency:

    1.0000

    ZIMRA Rate:

    1.0000

    Calendar
    Reduced to150% SIA on cost of plant and
    machinery for the 2010 tax year. 100%
    allowed in first year of use and claim and
    balance over two
    years at 25% as
    accelerated wear and tear.

    Buildings, Improvements, Machinery and Equipment


    used for Commercial, Industrial and farming

    Para9(h)

    25% SIA from 1/1/2010 or any


    subsequent year of assessment

    Special Mining Operations

    22nd
    Schedule

    Residential Unit erected on or after 1st January 2009


    used by the holders employees.

    Para 2 (f) (iv) The limit is pegged at US$ 10 000.00

    Passenger motor vehicle purchased on or after 1st


    January 2009

    Para 2 (g) (iv) The limit is pegged at US$ 10 000.00

    School, hospital, nursing home or clinic

    Para 2 (h) (ii) The limit is pegged at US$10 000.00


    (IV)

    Note that with effect from 1 October 2010 the Special Initial Allowance shall not be allowed in respect of half
    ofthe capital expenditure incurred in the of any fiscalised electronic register whose purchase qualifies for relief
    in terms of section 15(3)(k) of
    the VAT Act.

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    Copyright 2014 Zimbabwe Revenue Authority. All rights reserved.

    http://www.zimra.co.zw/index.php?option=com_content&view=article&id=1391&Itemid=163[3/12/2015 2:47:36 PM]

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