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...
by Great Paraxy | Jul 26, 2024 | Tax
On the 25th of July 2024, the Minister of Finance presented the Midterm budget with the “theme” “CONSOLIDATING ECONOMIC TRANSFORMATION”. Highlights of the 2024 Economic Midterm Budget Statement. On the global economic developments, the IMF expects the...
