by Great Paraxy | Feb 13, 2026 | Business, Tax
As the tax season reaches its peak, businesses in Zimbabwe are reminded that the Income Tax Self-Assessment Return (ITF 12C) for the 2025 tax year is due on April 30, 2026. (Note: While the 2024 returns were extended to May 2025, the statutory deadline for the 2025...
by Great Paraxy | Feb 13, 2026 | Business, Tax
In Zimbabwe, the concept of “remuneration” for tax purposes is broad. Under the Income Tax Act [Chapter 23:06], it includes not just your basic salary, but almost any advantage or benefit granted to you by your employer. While these perks—known as Fringe...
by Great Paraxy | Feb 12, 2026 | Business, Tax
The landscape of tax administration in Zimbabwe has undergone a seismic shift with the introduction of the Fiscalisation Data Management System (FDMS) and its integration with the Tax and Revenue Management System (TaRMS). This evolution reflects a broader regional...
by Great Paraxy | Feb 12, 2026 | Business, Tax
Navigating the Digital Tax Frontier: What TaRMS and FDMS Mean for Businesses The implementation of the Tax Risk Management System (TaRMS) and the Financial Data Management System (FDMS) marks a significant shift in the landscape of tax compliance. With the automation...
by Great Paraxy | Feb 12, 2026 | Tax
Statutory Instrument (SI) 15 of 2024, gazetted on February 9, 2024, serves as a major refining act for Zimbabwe’s Value Added Tax (VAT) framework. It effectively repeals the First Schedule of the principal regulations and replaces it with a comprehensive list...
