🚨 ZIMRA Garnishee and the "Pay Now, Argue Later" Rule: A Taxpayer's Reality in Zimbabwe In the landscape of Zimbabwean tax law, two principles stand out for their immediate and often severe impact on businesses and individuals: the power of the Garnishee Order...
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News: Accounting
A dive into some of Triggers of Audits by ZIMRA
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...
ZIMRA Audit-Navigating ZIMRA Audits-What the Taxpayer should know.
The ZIMRA Voluntary Disclosure Program (VDP) is one of the most powerful tools a business has to manage and mitigate audit risk. It directly supports the article's message that ZIMRA officers are understanding, provided the taxpayer demonstrates good faith. Here is an...
Analysis of Statutory Instrument 81 of 2025: Implications for Tax Compliance, Due Dates, and Dual-Currency Fiscal Policy in Zimbabwe
Key Impacts of SI 81 of 2025 Statutory Instrument (SI) 81 of 2025, officially designated as the Finance (Due Dates for Submission of Returns and References to the Zimbabwe Dollar) Regulations, 2025, represents a significant restructuring of Zimbabwe’s tax...
Major 2024 Tax Changes as per Finance Bill of 2024
The Finance Bill, 2024, is a comprehensive legislative document aimed at modifying Zimbabwe's tax and financial landscape. It introduces significant changes across various tax domains, including income tax, capital gains tax, value-added tax, customs and excise...
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