by Great Paraxy | Nov 25, 2022 | Tax
Tax Highlights from 2023 National Budget. Major Tax Highlights extracted from the Finance Bill. Value Added Tax With effect from the 1st January, 2023, General Rate of VAT reviewed up from 14.50% to 15.00%. Virtual Fiscalisation System – Insertion of new Section...
by Great Paraxy | Nov 23, 2022 | Tax
Responsibility of ZIMRA. ZIMRA is mandated by section 4 of the Revenue Authority’s Act to; a) to act as an agent of the State in assessing, collecting and enforcing the payment of all revenues; and (b) to advise the Minister on matters relating to the raising and...
by Great Paraxy | Nov 23, 2022 | Business, Tax
Why Your Business Should Be Compliant with ZIMRA. In the modern Zimbabwean economic landscape, the line between a thriving enterprise and a failing one is often drawn by a single factor: Regulatory Compliance. While many entrepreneurs view tax as a burden or a...
by Great Paraxy | Nov 23, 2022 | Tax
Requirements to register with ZIMRA? Businesses are liable to register with ZIMRA within 30 days of trade commencement. Company registration requirements with ZIMRA. Certificate of Incorporation; CR6 (former CR14), CR 5 (former CR6); Bank Statement of the business,...
