by Great Paraxy | Dec 12, 2025 | Accounting, Business, Tax
The proposal to make the Intermediated Money Transfer Tax (IMTT) deductible for Corporate Income Tax (CIT) purposes is a critical policy discussion that directly affects the cost of doing business in Zimbabwe, particularly for the formal sector. The background...
by Great Paraxy | Dec 12, 2025 | Business, Tax
This proposal marks a significant shift in Zimbabwe’s taxation policy toward the mining sector, directly impacting the financial planning and cash flows of mining companies. The measure proposes to amend Section 15(3) of the Income Tax Act to limit the...
by Great Paraxy | Dec 12, 2025 | Business, Tax
The Domestic Minimum Top-Up Tax (DMTT) in Zimbabwe is a new tax measure specifically designed to align Zimbabwe’s corporate tax system with the global anti-base erosion framework known as the OECD Pillar Two rules. It was introduced into the Income Tax Act...
by Great Paraxy | Dec 12, 2025 | Business, Tax
🚨 Audit Alert: The Danger of Submitting Nil Returns While Paying Rent In the world of corporate compliance, few red flags are as prominent to the Zimbabwe Revenue Authority (ZIMRA) as the contradiction of a company declaring zero income (Nil Returns) while...
by Great Paraxy | Dec 12, 2025 | Business, Tax
đź“° Company Operation and ZIMRA Scrutiny: The Necessity of “Workers” The question of whether a company can operate without workers, especially in the context of the Zimbabwe Revenue Authority (ZIMRA) audits, is a highly relevant issue for businesses in...
