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THE 2021 budget presented by the finance minister Mthuli Ncube to Parliament shows that the minister was living in a ‘fantasy world,’ according to academic, Professor Austin Chakaodza. “Some of the major challenges facing our society are issues of poverty and unemployment. Ninety percent of the people of Zimbabwe were already unemployed before the eruption of COVID-19. The majority of the people continue to lack certain basic capabilities which are encapsulated in the socio - economic rights guaranteed in the constitution,” he said. “They continue to be deprived of basic capabilities - such as the capability to be free from hunger, to live in good health, to be literate and access to a social security safety net. This budget does not fulfil a number of human rights such as the right to food, health, education and training,” Chakaodza said. A big part of Mthuli 2021 budget is a range of new tax measures to fund the ambitious $421,6 billion budget. The highlight of this plan is how the taxman plans to go after the informal sector, which is the bulk of the economy but pays little tax. From new and higher taxes to a new tax unit targeting SMEs, it is a budget that gives away very little, but takes a lot. Here is how some of Mthuli’s measures will affect you. If you are a low-income earner There is not much tax relief for you. The tax-free threshold has only been raised slightly from $5 000 per month to $10 000 per month. Tax bands will begin at $10 001 and end at $250 000 per month. This does little for the poorest workers. For perspective; in October, a Zimbabwean family of five needed $18 750 just to stay above the poverty line. If you earn more than $250 000, you pay the highest marginal tax rate of 40%. If you are expecting a bonus, the bonus tax-free threshold has gone up from $5 000 to $25 000, with effect from 1 November 2020. If you were tired of the 2% tax, sorry The 2% tax on mobile money and other electronic transfers stays. The tax has been unpopular since it came in 2018, but Mthuli says it has “generated substantial resources that have enabled Government to support various infrastructure projects”, including the COVID-19 response. So, the Minister isn’t giving much of this cash-cow away. You will no longer pay the 2% for transactions of up to $500, which is just a small increase from the current $300. For forex transactions, this tax will apply above US$5. The maximum of this tax that your business can pay has been raised from $25 000 to $800 000 on transactions with values exceeding $40 million, with effect from 1 January 2021. If you were planning to import a car Government will now control the importation of cars that are 10 years or older. Owning a car has just slid further from the reach of the majority, who cannot afford new vehicles. According to Mthuli, Zimbabwe has spent around US$1,3 billion importing buses and used cars over the past five years. Cars older than 10 years are now off the Open General Import Licence. This means that, from 2021, you will need a special import licence for older cars.
\t On Friday, internet and international calls were cut off across the West African nation in anticipation of the election results, according to locals and international observers in the capital, Conakry.
\t This was the third time that Conde matched-up against Diallo. Before the election, observers raised concerns that an electoral dispute could reignite ethnic tensions between Guinea's largest ethnic groups.
Prime Minister of Belize Dean Barrow says voters who have been required to be in self-isolation or have tested positive for the coronavirus (COVID-1) ahead of the November 11 general elections, will not be allowed to vote.
Amid the torrent of laminated campaign ads churning through the postal system this season, the slate mailer stands out as a perennial - and many say unseemly - California political tradition that dates back to at least the 1950s. Though new restrictions may be on the way. You've seen these before: A group, often with […]
The post Slated for deception? Beware of all those glossy mailers telling you how to vote appeared first on Black Voice News.
Phumzile Mlambo-Ngcuka says South Africans “desperately need” an ANC that is responsive to their needs.
Michael Jordan Opens Up A Second Medical Clinic In North Carolina
By DANICA KIRKA Associated Press LONDON (AP) — A police force in England says it will try to stop people from leaving Wales, which has started a 17-day lockdown to slow a surging rate of coronavirus infections. The Gloucestershire Constabulary will patrol routes from Wales and pull over drivers they believe are making long journeys. Travelers without a good excuse will be asked to turn around. If they don't comply, officers will inform their Welsh counterparts so they can take action because Gloucestershire police don't have the authority to fine people traveling from Wales, the department said. The situation illustrates […]
The post No escaping from Wales: UK police to enforce travel ban appeared first on Black News Channel.
Melbourne-based Archa, an organization offering a company bank card thats constructed round your online business, holding you in management, has revealed that it was granted principal issuing membership of Mastercard.…
A new play — directed and performed via Zoom — imagines workplace life at Russia's Internet Research Agency, a real life troll-farm indicted for its interference in the 2016 election.
The numbers are especially concerning to Black communities who have suffered disproportionately during the pandemic due to systemic racism affecting health outcomes on all levels.
A woman was seriously injured when a tree fell on her and other squatters this afternoon at the first flooded field at Success, East Coast Demerara.
The article Woman seriously injured after tree falls on Success squatters appeared first on Stabroek News.
SOME of the country's major private sector groups yesterday jointly urged the Government to remove 'all duties and taxes' on digital devices for at least two years.
Going once, going twice-the winners of this year's Nobel Prize in Economic Sciences are two Stanford economists whose work lets the world make mobile phone calls, switch on a light, and buy and sell on [...]
We have all been given info concerning credit score and tips on how to use it that could be incorrect. It is necessary to sift by means of the myths…
Just in time for Halloween, the horror satire, Bad Hair, is set in New York in 1989 with Hip-Hop and New Jack Swing as the soundtrack. Bad Hair tells the story of the lengths one woman must go through to achieve success in the world of music television. She quickly learns that everything comes with … Continued
The post Hulu Gives a Whole New Meaning to “Bad Hair” appeared first on Chicago Defender.
Three Caribbean Community (Caricom) countries have registered deaths from the coronavirus (COVID-19) over the past 24 hours, while others that have not registered cases in recent months, are now doing so.
Australia Put up company bank cards paid for hair salon therapies, make up appointments and luxurious abroad accommodations for executives, in response to explosive claims from firm insiders. Besieged CEOChristine…
Diamond's Back: LisaRaye Announces She's Joined OnlyFans
A significant lack of imagery of and stories about women of color affected by breast cancer was a driving force in the creation of For the Breast of Us, the first inclusive online community for women of color affected by breast cancer. This year, in honor of Breast Cancer Awareness Month, For the Breast of … Continued
The post 'For the Breast of Us' launches Naked Truth Project to Amplify Experiences of Breast Cancer Survivors of Color appeared first on Chicago Defender.
In case you didn't know, hoodie season is upon us. Stance, the brand known for the clutch socks and underwear, has stepped into the fold with their own pullover that will surely be competing for space in your collection of cozy pullovers.
