by Great Paraxy | Nov 26, 2022 | Tax
What is Value Added Tax (VAT). VAT is an indirect tax charged on consumption. In Zimbabwe, VAT, currently levied at 14,5%. With effect from 1 January 2023, VAT will be levied at 15%. VAT Registration in Zimbabwe. Section 23(1)(a) of VAT Act,as read with Finance Act...
by Great Paraxy | Nov 26, 2022 | Tax
Legislation governing Value Added Tax (VAT) registration in Zimbabwe. VAT is an indirect tax charged on consumption of goods and services. VAT registration is guided Section 23 of the VAT Act (Chapter 23:12) which stipulates that; (1) Every person who, on or after the...
by Great Paraxy | Nov 25, 2022 | Regulations
Requirements to participate on the Auction System in Zimbabwe. With reference to the Monetary Policy Committee (MPC) Statement issued on 30 August 2021 and further communication received from RBZ Exchange Control Department. Policy measures introduced to improve...
by Great Paraxy | Nov 25, 2022 | Tax
Tax Highlights from 2023 National Budget. Major Tax Highlights extracted from the Finance Bill. Value Added Tax With effect from the 1st January, 2023, General Rate of VAT reviewed up from 14.50% to 15.00%. Virtual Fiscalisation System – Insertion of new Section...
