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*Company Linked To Tagwirei's Landela Mining, Great Dyke Investments Granted A Tax Holiday*
https://www.pindula.co.zw/2021/01/27/company-linked-to-tagwireis-landela-mining-great-dyke-investments-granted-a-tax-holiday/?article

Great Dyke Investments a mining venture that is jointly owned by Russia’s Vi Holding (through its JSC Afromet subsidiary) and Zimbabwe’s 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 who reportedly holds a controlling stake in the company according to Financial World

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:

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_General Notice 77 of 2021._

_INCOME TAX ACT [CHAPTER 23:06]_

_Declaration of holder of special mining lease as approved holder for purposes of exemption from certain taxes_

_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_

_(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._

_(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._

_(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._

_(d) royalties to any non-resident persons in connection with special mining lease operations._

_HON. MTHULI NCUBE,_

_27-1-2021. Minister of Finance and Economic Development._

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