AN fr, ZIMBABWEAN GOVERNMENT GA ZETTE Y EXTRAORDINAR Published by Authority 19th MARCH, 2018 Price US$2,00 Vol. XCVI, No. 25 ° General Notice 163 of 2018. EXCHANGE CONTROL ACT (CHAPTER 22:05] AND INCOME TAX ACT [CHAPTER 23:06] AMNESTY IN RESPECT OF ILLEGALLY EXPATRIATED PROPERTY STATEMENT ON THE STATUS OF THE AMNESTY n, issued the statementset outin the Schedule. IT is hereby notified that His Excellency the Presidenthas, for public informatio V. MABIZA, Secretary for Justice, Legal and Parliamentary Affairs. 19-3-2018. SCHEDULE that| issued on 28th February, 2018, I would like to Furtherto the update on the Amnesty on extemalisation of foreign currency and assets onthe declaration andrepatriation of externalised funds. advise members ofthe public of the following progress on the response to the Amnesty Amount declared and Position before the received after theend Outstanding balance as Externalisationofillicit flows per attached schedules in respect of Amnesty of the Amnestyon 16 March 2018 +) Category I Non-repatriation of 526,552,276 289,100,000 237,452,276 export proceeds Paymentfor imports 176,846,957 52,000,000 124,846,957 Category If not received in Zimbabwe Funds banked in Category a 714,204,171 250,000,000 464,204,171 circumstances 1,417,603, 404 591,100,000 826,503,404 Total at 16th March, 2018, ignored and or neglected Entities and individuals listed in the three following categories ofillicit financial flowsas in respect of unrepatriated export proceeds, to accountfo rthe fnds indicated as having been keptoutsi de the country the Amnestybyfailing banksin cash or under spurious circumstances. paymentsfor imports not received in Zimbabwe and funds transferre d to foreign to account for the externalised funds, Thus, despite concerted efforts by Authorities and banks to request these entities and individuals to respond to the Amnesty.It is against this backgroundt hat the Authorities have no the entities or individuals failed, ignored or neglected the names of the entities and individuals so that the other recourse to causethese entities and individuals to respond,otherthan to publicise the legal obligations of citizenry and, where necessary, concemedparties take heed of the importance of good corporate governance and to ensure that those responsible for suchillicit financial flows are broughtto justice. parties can show proof of declaration and/or The Reserve Bank of Zimbabweis ready to process transactions where the concemed This ts despite the fact that ample repatriation of funds without prejudice given that the burden ofprooflies with the concerned parties. period to account and repatriate all externalise d funds. time was granted under the Amnesty E. D. MNANGAGWA, President. 19-3-2018.