{"id":33638,"date":"2021-01-27T19:30:34","date_gmt":"2021-01-27T17:30:34","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=33638"},"modified":"2021-01-27T18:28:46","modified_gmt":"2021-01-27T16:28:46","slug":"company-linked-to-tagwireis-landela-mining-great-dyke-investments-granted-a-tax-holiday","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/company-linked-to-tagwireis-landela-mining-great-dyke-investments-granted-a-tax-holiday","title":{"rendered":"Company Linked To Tagwirei\u2019s Landela Mining, Great Dyke Investments Granted A Tax Holiday"},"content":{"rendered":"

Africa-Press<\/a> – Zimbabwe<\/a>. <\/strong><\/span>Great Dyke Investments a mining venture that is jointly owned by Russia\u2019s Vi Holding (through its JSC Afromet subsidiary) and Zimbabwe\u2019s Landela Mining Venture according to Business Live South Africa has been granted a 5 year tax holiday by the government of Zimbabwe.<\/p>\n

Landela Mining venture is linked to businessman Kuda Tagwirei who reportedly holds a controlling stake in the company according to Financial World<\/p>\n

The news of Great Dyke Investments (GDI) which is expected to start mining in Darwedale next year being granted a tax holiday came to light through General Notice 77 of 2021 which stated that:<\/p>\n

General Notice 77 of 2021.<\/p>\n

INCOME TAX ACT [CHAPTER 23:06]<\/p>\n

Declaration of holder of special mining lease as approved holder for purposes of exemption from certain taxes<\/p>\n

THE Minister of Finance and Economic Development, in terms of section 36 of the Income Tax Act [Chapter 23:06], hereby declares Economic Great Dyke Investment (Private) Limited company to be an approved holder of a special mining lease with effect from 1st January, 2020. for purposes of sections 26,30,31 and 32 of the Act in respect of non-resident tax chargeable on<\/p>\n

(a) dividends payable to any non-resident shareholders of Great Dyke Investment (Private) Limited in connection with special mining lease operations of Great Dyke Investment (Private) Limited.<\/p>\n

(b) fees payable to non-resident person for services performed by them in connection with special mining lease operations, but not remittances payable to the parent company in respect of management services.<\/p>\n

(c) remittances effected in respect of allocable expenditure in connection with special mining lease operations, but not remittance payable to the parent company in respect of management services.<\/p>\n

(d) royalties to any non-resident persons in connection with special mining lease operations.<\/p>\n

HON. MTHULI NCUBE,<\/p>\n

27-1-2021. Minister of Finance and Economic Development.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. Great Dyke Investments a mining venture that is jointly owned by Russia\u2019s Vi Holding (through its JSC Afromet subsidiary) and Zimbabwe\u2019s Landela Mining Venture according to Business Live South Africa has been granted a 5 year tax holiday by the government of Zimbabwe. Landela Mining venture is linked to businessman Kuda Tagwirei […]<\/p>\n","protected":false},"author":84,"featured_media":33637,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[1493,2189,2769,1804,2768,19],"class_list":{"0":"post-33638","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"category-homepage-english","10":"category-twitter","11":"tag-africa-press","12":"tag-africa-press-zimbabwe-2","13":"tag-great-dyke-investments","14":"tag-kuda-tagwirei","15":"tag-landela-mining-venture","16":"tag-zimbabwe"},"yoast_head":"\nCompany Linked To Tagwirei\u2019s Landela Mining, Great Dyke Investments Granted A Tax Holiday - zimbabwe<\/title>\n<meta name=\"description\" content=\"Great Dyke Investments a mining venture that is jointly owned by Russia\u2019s Vi Holding (through its JSC Afromet subsidiary ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/company-linked-to-tagwireis-landela-mining-great-dyke-investments-granted-a-tax-holiday\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Company Linked To Tagwirei\u2019s Landela Mining, Great Dyke Investments Granted A Tax Holiday\" \/>\n<meta property=\"og:description\" content=\"Great Dyke Investments a mining venture that is jointly owned by Russia\u2019s Vi Holding (through its JSC Afromet subsidiary ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/company-linked-to-tagwireis-landela-mining-great-dyke-investments-granted-a-tax-holiday\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-27T17:30:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-01-27T16:28:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/01\/img-6011949cb95ca.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"880\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/company-linked-to-tagwireis-landela-mining-great-dyke-investments-granted-a-tax-holiday\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/company-linked-to-tagwireis-landela-mining-great-dyke-investments-granted-a-tax-holiday\",\"name\":\"Company Linked To Tagwirei\u2019s Landela Mining, Great Dyke Investments Granted A Tax Holiday - 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