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*Company Linked To Tagwirei's Landela Mining, Great Dyke Investments Granted A Tax Holiday* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?aw 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 ---------- *Latest itel S24 now available on Pindula* $124 Cash on Delivery in Harare & Bulawayo. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- 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: > 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. _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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