by Great Paraxy | Sep 20, 2023 | Bookkeeping, Tax
VAT registered operators are business registered for Value Added Tax. They collect VAT from consumers on behalf of the government. Their major mandate to charge Output Tax on every sale and account it to ZIMRA. Recently they have been supplies who have been chosen to...
by Great Paraxy | Sep 20, 2023 | Accounting, Bookkeeping, Tax
Who is liable to register for VAT? Any person who trades in taxable supplies and whose annual taxable turnover exceeds or is likely to exceed US$40,000.00 or ZWL equivalent within a period of 12 months is required to register for VAT. How to register for VAT in...
by Great Paraxy | Sep 17, 2023 | Tax
Do you Plan Borrowing? Then you need to read this. Shop around and compare offers from different lenders. This will help you get the best interest rate and terms. Only borrow what you need. Don’t borrow more money than you can afford to repay. Make sure you...
by Great Paraxy | Sep 17, 2023 | Business
Whether or not to borrow money is a personal decision that depends on your individual circumstances and financial goals. However, there are some general guidelines that can help you decide when to borrow money. Here are some good times to borrow money: To invest in...
by Great Paraxy | Sep 17, 2023 | Tax
Credit Requirements by Banks in Zimbabwe. The Bank will perform due diligence on the Borrowing Client/ Company based on the following information which is supposed to be submitted to the Bank at the time of facility application. An application letter stating the...
