by Great Paraxy | May 18, 2023 | Tax
Withholding taxes are taxes that are withheld by a payer from a payee before the payment is made. The payer is then responsible for remitting the withheld taxes to the tax authority. Withholding taxes are used in Zimbabwe to collect taxes on a variety of payments,...
by Great Paraxy | May 18, 2023 | Tax
Pay As You Earn (PAYE) is a system of withholding income tax from employees’ salaries before they are paid. The employer is responsible for calculating and deducting PAYE from employees’ salaries and remitting it to the Zimbabwe Revenue Authority (ZIMRA)....
by Great Paraxy | May 18, 2023 | Tax
Value-added tax (VAT) is an indirect tax that is added to the cost of goods and services at each stage of production and distribution, until it is finally paid by the consumer. The VAT rate in Zimbabwe is 15%. VAT is a consumption tax, which means that it is paid by...
by Great Paraxy | May 18, 2023 | Tax
Filing tax returns in Zimbabwe is a legal requirement for all businesses and individuals who are required to pay taxes. The due date for filing tax returns varies depending on the type of tax and the taxpayer’s circumstances. The Zimbabwe Revenue Authority...
by Great Paraxy | May 18, 2023 | Business
Compliance with labor laws in Zimbabwe is important for all businesses, regardless of size or industry. By complying with the law, businesses can avoid penalties and ensure that they are providing a safe and fair workplace for their employees. The labor laws in...
