TaRMS Implementation and the Future of Tax Compliance in Zimbabwe-The Digital Leap

by Great Paraxy | Nov 21, 2025 | Tax

The Digital Leap: TaRMS Implementation and the Future of Tax Compliance in Zimbabwe Tax compliance is the backbone of any functioning economy, and in Zimbabwe, it has historically been constrained by complex, manual, and often opaque administrative processes. To...

ZIMRA Penalties for VAT Non-Compliance

by Great Paraxy | Nov 21, 2025 | Tax

Here is a summary of the key penalties imposed by the Zimbabwe Revenue Authority (ZIMRA) for late VAT registration, late filing, and late payment, based on the relevant tax legislation and recent public notices. 🛑 ZIMRA Penalties for VAT Non-Compliance   ZIMRA...

What businesses need to know about VAT Registration in Zimbabwe-The Two Sides of VAT.

by Great Paraxy | Nov 21, 2025 | Tax

The Two Sides of VAT: Benefits and Limitations of Registration in Zimbabwe   Value Added Tax (VAT) is a consumption tax charged on the supply of most goods and services in Zimbabwe. Administered by the Zimbabwe Revenue Authority (ZIMRA), registration becomes...

Know Your PRAZ Registration Categories

by Great Paraxy | Nov 20, 2025 | Bookkeeping, Business

📝 Know Your PRAZ Registration Categories For businesses looking to register with the Procurement Regulatory Authority of Zimbabwe (PRAZ), understanding the correct categories is essential. The article outlines the comprehensive list of categories for the registration...

A dive into some of Triggers of Audits by ZIMRA

by Great Paraxy | Nov 8, 2025 | Accounting, Tax

The Zimbabwe Revenue Authority (ZIMRA) uses a combination of factors to select businesses for a Value Added Tax (VAT) audit. The selection is typically driven by a risk-based assessment, but can also occur randomly or due to specific triggers. 🚩 Discrepancies and...