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...
by Great Paraxy | Jun 20, 2024 | Tax
The Zimbabwe Revenue Authority (ZIMRA) requires businesses to declare and pay tax in the same currency they conduct the transaction in. This is to ensure transparency and proper tax collection. This requirement is mandated by Zimbabwean law, specifically Section 4A of...
by Great Paraxy | Jun 20, 2024 | Tax
Every registered operators is required by ZIMRA to acquire a fiscal device and interface it with ZIMRA. the process is known as fiscalisation. A fiscal device is an electronic machine used to record sales transactions and calculate taxes owed by a business. Main...
by Great Paraxy | Jun 20, 2024 | Business, Tax
What is a Tax Clearance certificate? it is a certificate issued by the Zimbabwe Revenue Authority (ZIMRA) to tax payers who are compliant with all their tax obligations. Who are Taxpayer? A taxpayer is a person who is registered with ZIMRA and is liable to pay tax....
by Great Paraxy | Feb 20, 2024 | Tax
How to register for a PRAZ Category. For one to participate in a tender, every bidder must have a PRAZ certificate. To get the certificate there are options to select for payment, one (Once off) and the second option is (Quarterly which is renewed every 3 months) or...
