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Be compliant and know your NSSA.
What is the Pensions and Other Benefits Scheme? The Pension and Other Benefits Scheme (POBS), formerly referred to as National Pension Scheme (NPS), is a social security scheme whose main objective is to provide cash benefits to insured persons during periods of...
Know your Non-resident shareholders tax (NRST) treatment in Zimbabwe.
What is Non-resident shareholders tax (NRST)? Non-resident shareholders tax is tax levied on dividend accruing to a person who is non-resident of Zimbabwe. Who is a Non-resident? A Non-Resident means - a person, other than a company, who; or a partnership or foreign...
Tips on how to handle ZIMRA Audits.
ZIMRA audits are a routine part of ensuring tax compliance. They can be a stressful experience, but with proper preparation and understanding, you can navigate them effectively. Common Reasons for Audits Risk Assessment-ZIMRA may target businesses based on factors...
Danger of not registering after surpassing the Value Added Tax (VAT) registration Threshhold of $25,000.00
Failing to register for Value-Added Tax (VAT) in Zimbabwe can lead to significant financial and compliance consequences. Zimbabwean Legal Tax Statute stipulates that a person should register for VAT when After computing at the end of each trading month the total value...
Exchange Control Circular Number 03 of 2024 and its impact on your Business
All importers registered with exchange control, to ensure compliance purposes, need to have an understanding of the Exchange control Circular 03 of 2024. Following the Exchange Control Directive RZ56 dated on the 8th of April 2024 and Exchange Control Circular No.1of...
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