by Great Paraxy | Dec 8, 2022 | Tax
Territorial Scope of a Value Added Tax. Since VAT is an indirect tax focusing on a transaction or activity rather than on an economic operator. The primary determination of the territorial scope of the charge to VAT is by reference to the location of the...
by Great Paraxy | Dec 8, 2022 | Business, Tax
Every year, hundreds of thousands of taxpayers end up in debt with ZIMRA because of under reporting or underpaying their taxes whether by mistake or on purpose.Owing ZIMRA can be stressful and worrisome, especially if they place a garnish, lien or levy on your assets...
by Great Paraxy | Dec 3, 2022 | Tax
Understanding Valued Added Tax (VAT) in Zimbabwe. VAT is one of the biggest revenue contributors to our government , besides IMTT and Income Tax. Mechanics of VAT. VAT, is a tax on value added by each registered operator in the production/distribution chain. Imposed...
by Great Paraxy | Dec 3, 2022 | Business, Tax
As a new trader what are my tax obligations to ZIMRA? New businesses are obliged to register with ZIMRA within 30 days of commencing business. ZIMRA registration requirements are explained on this article https://lucent.co.zw/how-to-register-with-zimra/tax/. Tax heads...
by Great Paraxy | Nov 30, 2022 | Business, Tax
Everything small business needs to know about taxes in Zimbabwe. Many small business owners and start-ups think they are beneath ZIMRA scrutiny. Tax is a strange, foreign world, and so it’s easier to just ignore the whole thing.To ensure your small business’s success...
