Public Finance Management Act (Chapter 22:19)

Public Finance Management Act (Chapter 22:19)

Public Finance Management Act (Chapter 22:19)
AN ACT to provide for the control and management of public resources and the protection and recovery thereof; to provide for the appointment, powers and duties of the Accountant-General and of his or her staff; to provide for the national budget; to provide for the preparation of financial statements; to provide for the regulation and control of public entities; 5to provide for general treasury matters; to provide for the examination and audit of public accounts; to provide for matters pertaining to financial misconduct of public officials; to repeal the Audit and Exchequer Act [Chapter 22:03] and the State Loans and Guarantees Act [Chapter 22:13]; and to provide for matters connected with or incidental to the foregoing.
ENACTED by the President and Parliament of Zimbabwe.

Finance Act No. 7 of 2021

Finance Act No. 7 of 2021

Finance Act No. 7 of 2021
To make further provision for the revenues and public funds of Zimbabwe and to provide for matters connected therewith or incidental thereto.

ENACTED by the Parliament and the President of Zimbabwe.

PART I

PRELIMINARY

1 Short title

This Act may be cited as the Finance Act, 2021.

PART II

INCOME TAX

Amendments to Chapter I of Finance Act [Chapter 23:04]

2 Amendment of section 5 of Cap. 23:04

(1) Section 5 (“Credits to which section 7 of Taxes Act relates”) of the Finance

Act [Chapter 23:04] is amended by the repeal of subsection (3) and the substitution

of—

“(3) Notwithstanding any other provision of this Act, no credit shall be

deducted from the income tax with which a company or trust is chargeable in

any year of assessment, except for the credit referred to in section 13A (“Youth

employment credit”) and section 13B (“Credit for employment of physically

challenged persons”).”.

Freedom of Information Act [Chapter 10:33]

Freedom of Information Act [Chapter 10:33]

Act to additionally provide for the constitutional rights of expression, and
freedom of the media; to provide further for the right of access to
information held by entities in the interest of public accountability or for
the exercise or protection of a right; to repeal the Access to Information
and Protection of Privacy Act [Chapter 10:27]; and to provide for matters
connected therewith.

Warehouse Receipt Act [Chapter 18:25]

AN ACT to provide for the establishment and registration of warehouses associated with the issuing of
warehouse receipts and the licensing of warehousepersons; to provide for the storage of agricultural
commodities in registered warehouses; to provide, for the setting up of a system of inspection, grading and
weighing of such agricultural commodities; to provide for a negotiable warehouse collateral receipt system;
and to provide for matters incidental to or connected with the foregoing.

Agricultural Marketing Authority Act [Chapter 18:24]

AN ACT to establish the Agricultural Marketing Authority to regulate, supervise, develop and administer the
marketing of agricultural products; to confer powers on the Authority to supervise any statutory body
charged with the marketing of specific agricultural products; to provide for the constitution and functions
of a board of the Authority; to provide for the establishment of an Agricultural Marketing Fund for the
development of the marketing of agricultural products; to provide for the imposition and collection of
levies on producers, buyers and processors of agricultural products; to provide for the administration and
disbursement of moneys from the Fund; to provide for the fixing of standards of quality and other
matters relating to agricultural products produced in Zimbabwe; to repeal the Agricultural Products
Marketing Act [Chapter 18:22]; and to provide for matters connected with or incidental to the foregoing.

Acquisition of Farm Equipment or Material Act [Chapter 18:23]

AN ACT to provide for the acquisition of farm equipment or material not being used for agricultural
purposes; to amend section 5 of the Land Acquisition Act [Chapter 20:10]; and to provide for matters
connected with or incidental to the foregoing.

Tobacco Research Act [Chapter 18:21]

AN ACT to make provision for the direction and maintenance of research in connection with tobacco
and to provide for matters incidental thereto.

Tobacco Industry And Marketing Act [Chapter 18:20]

AN ACT to provide for the control and regulation of the tobacco industry in Zimbabwe, the promotion
of the export of tobacco from Zimbabwe and the imposition of a levy on tobacco grown or sold in Zimbabwe;
to control the use of agricultural remedies on tobacco and tobacco plants or lands; to provide for
the establishment of the Tobacco Industry and Marketing Board and to prescribe its functions and
powers; and to provide for matters incidental to or connected with the foregoing.

Sugar Production Control Act [Chapter 18:19]

AN ACT to provide for the control and regulation of the manufacture of sugar and the delivery of
sugar cane for manufacture in Zimbabwe; to fix the price to be paid for sugar cane; and to provide for
other matters connected with and incidental to the foregoing.