by Great Paraxy | Dec 3, 2022 | Business, Tax
As a new trader what are my tax obligations to ZIMRA? New businesses are obliged to register with ZIMRA within 30 days of commencing business. ZIMRA registration requirements are explained on this article https://lucent.co.zw/how-to-register-with-zimra/tax/. Tax heads...
by Great Paraxy | Nov 30, 2022 | Tax, Business
Everything small business needs to know about taxes in Zimbabwe. Many small business owners and start-ups think they are beneath ZIMRA scrutiny. Tax is a strange, foreign world, and so it’s easier to just ignore the whole thing.To ensure your small business’s success...
by Great Paraxy | Nov 29, 2022 | Tax
What is Tax Planning? Tax Planning is considering the tax implications of individual or business decisions with goal of minimizing the tax liability. The process of setting goals, developing strategies to reduce tax liability of the business or individual. Tax laws...
by Great Paraxy | Nov 28, 2022 | Tax
Withholding Tax on Tenders. Withholding tax on tender is a tax which is deducted by payer from suppliers without a valid tax clearance certificate. The tax is guided by Section 80 of Income Tax Act. What percentage is withholding tax on tenders in Zimbabwe?...
by Great Paraxy | Nov 27, 2022 | Tax
2023 Tax Clearance Certificate Processing. The Zimbabwe Revenue Authority (ZIMRA) is informing taxpayers that, year 2023 ITF 263s will be auto-generated by the ZIMRA system. Tax clearances will be sent to compliant taxpayers through email addresses that are registered...
