by Great Paraxy | Feb 1, 2023 | Tax
What is an ITF16 Return. An ITF16 return is an aggregate of monthly P2 returns for a particular year of assessment. ITF16 return is under Pay as you earn (PAYE) tax head. The return is due every 30 days after the end of the year of assessment. What constitute an...
by Great Paraxy | Jan 25, 2023 | Accounting, Business
Are you a Small Business in Zimbabwe? Why not Outsource Your Bookkeeping To Us. For small or medium businesses maintaining up to date bookkeeping is probably the most important part of the daily routine. The establishment of an accounting division, hiring and training...
by Great Paraxy | Jan 25, 2023 | Bookkeeping, Business
PRAZ registration:Doorway to winning tenders. Government bodies, ministries and agents are the biggest customer in any economy, transacting with the public without some form of standardization of procedure and conduct will be disastrous. The relationship between the...
by Great Paraxy | Jan 13, 2023 | Tax
The standard accounting date for tax purposes in Zimbabwe is the calendar year, which runs from January 1 to December 31. This 12-month period is known as the Year of Assessment for most taxpayers. However, the Zimbabwe Revenue Authority (ZIMRA) permits companies to...
by Great Paraxy | Jan 13, 2023 | Tax
Income which is exempt from Income Tax in Zimbabwe. Exempt income is income accruing to a business and not taxable. in tax language, Exemptions are accruals and receipts of revenue nature, which are free of income tax. The following receipts are exempt from tax....
