by Great Paraxy | Nov 23, 2022 | Tax
Responsibility of ZIMRA. ZIMRA is mandated by section 4 of the Revenue Authority’s Act to; a) to act as an agent of the State in assessing, collecting and enforcing the payment of all revenues; and (b) to advise the Minister on matters relating to the raising and...
by Great Paraxy | Nov 23, 2022 | Business, Tax
Why Your Business Should Be Compliant with ZIMRA. In the modern Zimbabwean economic landscape, the line between a thriving enterprise and a failing one is often drawn by a single factor: Regulatory Compliance. While many entrepreneurs view tax as a burden or a...
by Great Paraxy | Nov 23, 2022 | Tax
Requirements to register with ZIMRA? Businesses are liable to register with ZIMRA within 30 days of trade commencement. Company registration requirements with ZIMRA. Certificate of Incorporation; CR6 (former CR14), CR 5 (former CR6); Bank Statement of the business,...
by Great Paraxy | Nov 23, 2022 | Tax
What is a Tax Clearance Certificate (ITF263)? A tax clearance certificate also known as an ITF263 certificate, is a certificate by Zimbabwe Revenue Authority (ZIMRA). It shows that the business is compliant with tax laws. Why is the Tax Clearance Clearance Certificate...
by Great Paraxy | Nov 15, 2022 | Tax
What is 30% withholding Tax on Contracts? What is 30% Withholding Tax on contract? 30% Withholding Tax is a tax withheld by the payer when they enter into a contract with a person who does not have a valid tax clearance (ITF263). This tax head is dealt under Section...
