by Great Paraxy | May 17, 2023 | Tax
Is a Trust Taxable in Zimbabwe? Generally a trust is not taxable under the Zimbabwe tax system. An exception, however, is when it has income to which no beneficiary is entitled. When are Trust Taxed? The taxation of trusts and beneficiaries emanates from the Section 2...
by Great Paraxy | May 17, 2023 | Business, Regulations
Reviewing of to 100% Retention of Foreign Currency Domestic Sale Proceeds Reference is made to Exchange Control Directive RY002 dated 03 February 2023, Exchange Control Clarification Notes 1 & 2 of 17 February 2023 and 23 April 2023 respectively, and the Press...
by Great Paraxy | May 2, 2023 | Tax
Corporate Tax / Income Tax Returns (ITF 12C) For Tax Year Ended 31st December 2022. The Commissioner General of the Zimbabwe Revenue Authority (ZIMRA), advises all taxpayers, that the Income Tax Returns (ITF 12C), for the tax year ended 31st December 2022 are due as...
by Great Paraxy | Mar 11, 2023 | Tax
Due date for 2023’s 1st Provisional Tax return (1st QPD). The 2023 first Quarterly Payments Date (QPD) is the on the 25th of March 2023. Taxpayers are urged to submit their ITF12B return on or/ before the 25th of March 2023. Remittance of 2023 1st Provisional...
by Great Paraxy | Mar 7, 2023 | Tax
Preparation of Transfer Pricing return (ITF12C2). Multi national enterprises and companies with associate transactions are required to file Transfer Pricing returns. Disclosure are also required when taxpayer has transactions with tax havens i.e. low tax jurisdiction...
