by Great Paraxy | Dec 21, 2022 | Tax
Features of a Tax Invoice. Change in Definition of Tax Invoice Definition of “tax invoice” or “fiscal tax invoice” revised to a fiscal tax invoice provided by a registered operator and printed by a fiscalised electronic register or fiscal memory device used by a...
by Great Paraxy | Dec 18, 2022 | Tax
Refund of VAT – features of a valid tax invoice in relation to VAT input tax claims. Value Added Tax (VAT) is invoice-based and is accounted for on both cash and credit transactions. The VAT payable is the difference between output tax and input tax. Output tax...
by Great Paraxy | Dec 18, 2022 | Tax
VAT Treatment-Supply of Goods and Services. In terms of the Value Added Tax (VAT) Act [Chapter 23:12]. VAT is levied on the supply of goods and services as well as on the importation and exportation of goods and/or services. Taxable supplies attract VAT at specified...
by Great Paraxy | Dec 17, 2022 | Tax
Zimbabwe Key Tax for 2022 and 2023 Highlights from Budget Statement and Finance Act 8 of 2022. On Thursday 24 November 2022, the Honourable Minister Mthuli Ncube presented the 2023 budget. The budget theme was “Accelerating Economic Transformation.”The article hinges...
by Great Paraxy | Dec 15, 2022 | Bookkeeping, Tax
Tax Compliance in Zimbabwe. Did you know that you can avoid unnecessary penalties and interest by following basic tax and duty compliance requirements? Tax compliance is important for your business. Statutory Requirements for Corporate Income Tax. Income Tax is tax...
