by Great Paraxy | Nov 21, 2025 | Tax
The Digital Leap: TaRMS Implementation and the Future of Tax Compliance in Zimbabwe Tax compliance is the backbone of any functioning economy, and in Zimbabwe, it has historically been constrained by complex, manual, and often opaque administrative processes. To...
by Great Paraxy | Nov 21, 2025 | Tax
Here is a summary of the key penalties imposed by the Zimbabwe Revenue Authority (ZIMRA) for late VAT registration, late filing, and late payment, based on the relevant tax legislation and recent public notices. 🛑 ZIMRA Penalties for VAT Non-Compliance ZIMRA...
by Great Paraxy | Nov 21, 2025 | Tax
The Two Sides of VAT: Benefits and Limitations of Registration in Zimbabwe Value Added Tax (VAT) is a consumption tax charged on the supply of most goods and services in Zimbabwe. Administered by the Zimbabwe Revenue Authority (ZIMRA), registration becomes...
by Great Paraxy | Nov 20, 2025 | Bookkeeping, Business
📝 Know Your PRAZ Registration Categories For businesses looking to register with the Procurement Regulatory Authority of Zimbabwe (PRAZ), understanding the correct categories is essential. The article outlines the comprehensive list of categories for the registration...
by Great Paraxy | Nov 8, 2025 | Accounting, Tax
The Zimbabwe Revenue Authority (ZIMRA) uses a combination of factors to select businesses for a Value Added Tax (VAT) audit. The selection is typically driven by a risk-based assessment, but can also occur randomly or due to specific triggers. 🚩 Discrepancies and...
