by Great Paraxy | Sep 16, 2024 | Tax
All importers registered with exchange control, to ensure compliance purposes, need to have an understanding of the Exchange control Circular 03 of 2024. Following the Exchange Control Directive RZ56 dated on the 8th of April 2024 and Exchange Control Circular No.1of...
by Great Paraxy | Sep 16, 2024 | Business, Regulations
2024 MID-TERM MONETARY POLICY REVIEW STATEMENT AT A GLANCE. The Governor, on the 30th of August presented the Midterm Monetary Policy. In the budget, major take away are as noted below. The Liquidity Management Committee was reconstituted, with the mandate to assess...
by Great Paraxy | Sep 15, 2024 | Tax, Bookkeeping, Regulations
Standards Development Levy known by the acronym SDL by many accountants, is governed by The Standards Development Act [Chapter 14:19) of 1987 under the Ministry of Industry and Commerce established through an Act of Parliament Its collection is suctioned by SI 140 of...
by Great Paraxy | Sep 4, 2024 | Tax
We often get enquiries on the VAT treatment of deposits. This may be because there are different types of deposits with different VAT rules for each. I thought that it would be helpful for all the rules to be set out in one place, and some comments on how certain...
by Great Paraxy | Aug 24, 2024 | Bookkeeping
What is Tendering or Bidding? Tendering or bidding is a process used to select a supplier or contractor for a specific project or service. It’s a competitive process where multiple parties submit proposals or bids for the work. The goal is to find the best value...
