by Great Paraxy | Sep 21, 2024 | Tax
ZIMRA audits are a routine part of ensuring tax compliance. They can be a stressful experience, but with proper preparation and understanding, you can navigate them effectively. Common Reasons for Audits Risk Assessment-ZIMRA may target businesses based on factors...
by Great Paraxy | Sep 19, 2024 | Tax
Failing to register for Value-Added Tax (VAT) in Zimbabwe can lead to significant financial and compliance consequences. Zimbabwean Legal Tax Statute stipulates that a person should register for VAT when After computing at the end of each trading month the total value...
by Great Paraxy | Sep 16, 2024 | Tax
All importers registered with exchange control, to ensure compliance purposes, need to have an understanding of the Exchange control Circular 03 of 2024. Following the Exchange Control Directive RZ56 dated on the 8th of April 2024 and Exchange Control Circular No.1of...
by Great Paraxy | Sep 16, 2024 | Business, Regulations
2024 MID-TERM MONETARY POLICY REVIEW STATEMENT AT A GLANCE. The Governor, on the 30th of August presented the Midterm Monetary Policy. In the budget, major take away are as noted below. The Liquidity Management Committee was reconstituted, with the mandate to assess...
by Great Paraxy | Sep 15, 2024 | Bookkeeping, Regulations, Tax
Standards Development Levy known by the acronym SDL by many accountants, is governed by The Standards Development Act [Chapter 14:19) of 1987 under the Ministry of Industry and Commerce established through an Act of Parliament Its collection is suctioned by SI 140 of...
