By Blessings Kafwanka Zambia Institute of Chartered Accountants (ZiCA) Accountancy programmes Value Added Tax, (VAT) is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production up to the point of sale to the consumer. It is a tax that is incurred by the final consumer of a product or service. Therefore, zero-rating VAT on petroleum products should remove that burden from the final consumer and not anybody else. In Zambia, the VAT rate is currently at 16% and is applicable to supplies of standard-rated goods and services. We...

Data presented by Buy Shares indicate that semiconductor manufacturer Broadcom’s research and development expenses have soared by 51%. The expenses are for the period between 2017 and 2020. Broadcom’s China revenue drops as US increases In 2017, the costs amounted to $3.29 billion, while last year, the number stood at $4.97 billion. In 2018, the expenses was $3.77 billion while in 2019, the figure stood at $4.7 billion. The research also overviewed the company’s revenue which has grown by 250.29% between 2015 and 2020. Last year, the revenue was at $23.89 billion, while in 2015, Broadcom recorded $6.82 billion in revenue. In...

              President of South Africa has confirmed to deliver the presidential keynote address at the upcoming Mining Indaba Virtual LONDON, United Kingdom, January 5, 2021/ — Investing in African Mining Indaba (Mining Indaba) (https://MiningIndaba.com), part of Hyve Group Plc is honoured to announce that His Excellency, Cyril Ramaphosa, President of South Africa has confirmed to deliver the presidential keynote address at the upcoming Mining Indaba Virtual. Following last year’s announcements, H.E. Cyril Ramaphosa will be joining the already confirmed president of the Democratic Republic of Congo (DRC), His Excellency, Félix Tshisekedi and H.E. Julius...