by Great Paraxy | Jan 9, 2026 | Business, Tax
The General Deduction Formula: Understanding Tax Deductions in Zimbabwe For taxpayers in Zimbabwe, the ability to deduct expenses is a critical factor in determining taxable income. The guiding principle for deductibility is enshrined in the Income Tax Act [Chapter...
by Great Paraxy | Jan 8, 2026 | Business, Company Formation
🚨Mandatory Corporate Re-Registration in Zimbabwe: Beat the April 2026 Deadline The Government of Zimbabwe has mandated a critical, one-time re-registration exercise for all companies and Private Business Corporations (PBCs) operating in the country. This is driven by...
by Great Paraxy | Jan 8, 2026 | Tax
Understanding VAT in Zimbabwe: Time of Supply and the Treatment of Advance Payments The Value Added Tax (VAT) system in Zimbabwe, governed by the VAT Act [Chapter 23:12], is a critical component of business operations and tax compliance for registered operators. Two...
by Great Paraxy | Jan 2, 2026 | Tax
The shift in the Value Added Tax (VAT) rate from 15% to 15.5%, as stipulated in the Finance Act, 2025 (Act No. 7 of 2025), presents a significant, though seemingly small, technical challenge for businesses. A successful migration requires meticulous planning across...
by Great Paraxy | Jan 2, 2026 | Tax
The Compliance Crucible: Navigating the Tax Revolution of the Finance Act, 2025 The Finance Act, 2025 (Act No. 7 of 2025), effective largely from January 1, 2026, is not merely an annual fiscal adjustment; it is a legislative mandate for a fundamental shift in...
