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Understanding Capital gains Tax (CGT) in Zimbabwe!
Understanding Capital Gains Tax in Zimbabwe Capital Gains Tax (CGT) is a critical component of Zimbabwe’s fiscal landscape, ensuring that value appreciation in significant assets contributes to the national treasury. Governed by the Capital Gains Tax Act [Chapter...
How Capital Gains Tax (CGT) works in Zimbabwe?
In Zimbabwe, Capital Gains Tax (CGT) is a tax levied on the profit (gain) realized from the sale or disposal of a "specified asset." It is governed by the Capital Gains Tax Act [Chapter 23:01].The tax is not charged on the total selling price, but rather on the...
Tax Credits available to Businesses in Zimbabwe!
In Zimbabwe’s tax framework, a Tax Credit is a powerful incentive for corporates. Unlike a tax deduction (which only reduces the amount of income subject to tax), a tax credit is a dollar-for-dollar reduction of the actual income tax you owe. While many business...
Understanding Tax Credits available to Individuals in Employment in Zimbabwe
Understanding Tax Credits for Individuals in Employment in Zimbabwe In the Zimbabwean tax system, tax credits are a powerful way for individuals to reduce their tax liability. While a "deduction" reduces the income that is subject to tax, a "credit" is a...
National Employment Council (NEC) Compliance – Know your relevant NEC!
In Zimbabwe, the National Employment Council (NEC) is the backbone of industrial relations. It is a bipartite body—consisting of representatives from both employer associations and trade unions—that regulates wages and working conditions within a specific industry....
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