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 President and Parliament of Zimbabwe.
1 Short title
This Act may be cited as the Finance Act, 2021.
Amendments to Chapter I of Finance Act [Chapter 23:04]
2 Amendment of section 13A
With effect from the 1st January, 2020, the Finance Act [Chapter 23:04] is amended in section 13A (“Youth employment credit” (4) )by the by the repeal of paragraph (d) and the substitution of—
“(d) to the extent that any credit under this section exceeds the tax payable by the qualifying taxpayer claiming it, the Commissioner shall not refund such excess to the taxpayer but such excess shall be capable of being carried over to the next year of assessment;; and”.