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...
by Great Paraxy | Sep 4, 2024 | Tax
We often get enquiries on the VAT treatment of deposits. This may be because there are different types of deposits with different VAT rules for each. I thought that it would be helpful for all the rules to be set out in one place, and some comments on how certain...
by Great Paraxy | Aug 24, 2024 | Bookkeeping
What is Tendering or Bidding? Tendering or bidding is a process used to select a supplier or contractor for a specific project or service. It’s a competitive process where multiple parties submit proposals or bids for the work. The goal is to find the best value...
by Great Paraxy | Aug 11, 2024 | Tax
What is an imported Service? Section 2 of the VAT Act provides a definition of an imported service. An imported service is a service made by a supplier who is resident outside Zimbabwe or carries on business outside Zimbabwe to a resident of Zimbabwe. The notion of...
by Great Paraxy | Jul 30, 2024 | Accounting, Tax
The Finance Bill, 2024, is a comprehensive legislative document aimed at modifying Zimbabwe’s tax and financial landscape. It introduces significant changes across various tax domains, including income tax, capital gains tax, value-added tax, customs and excise...
