by Great Paraxy | Nov 26, 2022 | Company Formation
The Legislation governing Company Registration in Zimbabwe? Companies and Other Business Entities Act [CHAPTER 24:31] oversees the company registration in Zimbabwe. Section 5 of the Act states that the following types of business entities are; Registrable business...
by Great Paraxy | Nov 26, 2022 | Tax
What is a Tax Clearance Certificate (ITF263) in Zimbabwe? To show that a business is compliant with taxes, ZIMRA issues a certificate to taxpayers. A tax clearance certificate is a document of compliant from ZIMRA. How do I get a Tax Clearance Certificate from ZIMRA?...
by Great Paraxy | Nov 26, 2022 | Tax
What is Withholding Tax System? Mechanism allowing for the collection of taxes at source. Process enables tax to be secured early, increasing collection efficiency. Most viable way of collecting taxes from non-residents with no place of business in Zimbabwe.Paying...
by Great Paraxy | Nov 26, 2022 | Tax
What is Value Added Tax (VAT). VAT is an indirect tax charged on consumption. In Zimbabwe, VAT, currently levied at 14,5%. With effect from 1 January 2023, VAT will be levied at 15%. VAT Registration in Zimbabwe. Section 23(1)(a) of VAT Act,as read with Finance Act...
by Great Paraxy | Nov 26, 2022 | Tax
Legislation governing Value Added Tax (VAT) registration in Zimbabwe. VAT is an indirect tax charged on consumption of goods and services. VAT registration is guided Section 23 of the VAT Act (Chapter 23:12) which stipulates that; (1) Every person who, on or after the...
