What is TaRMS? TaRMS stands for Tax and Revenue Management System. It's a recently launched (October 2023) online platform by the Zimbabwe Revenue Authority (ZIMRA) to automate and simplify tax processes for both taxpayers and ZIMRA officials. It replaces the older...
2024 VAT Registration Requirements in Zimbabwe. Are you a business dealing in taxable supplies and you have surpassed or you will surpass a threshold of US$25,000.00 in your year of assessment? Note that you should register for Value Added Tax (VAT). What are...
New Tax changes for Businesses and Individuals should know as per Finance Act 13 of 2023. Finance Act 13 of 2023 is finally here, and it is packed with the following changes. Corporate Income Tax Corporate Income Tax rate has been revised up to 25%, with effect from...
2024 National Budget Highlights-Zimbabwe Finance, Economic Development and Investment Promotion Minister Mthuli Ncube on 30 November 2023 proposed a ZW$58.2 trln National Budget for 2024 giving priority to, among other things, the need to maintain the purchasing power...
VAT registered operators are business registered for Value Added Tax. They collect VAT from consumers on behalf of the government. Their major mandate to charge Output Tax on every sale and account it to ZIMRA. Recently they have been supplies who have been chosen to...
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