by Great Paraxy | Jan 11, 2024 | Business, Tax
New Tax changes for Businesses and Individuals should know as per Finance Act 13 of 2023. Finance Act 13 of 2023 is finally here, and it is packed with the following changes. Corporate Income Tax Corporate Income Tax rate has been revised up to 25%, with effect from...
by Great Paraxy | Dec 13, 2023 | Business, Tax
2024 National Budget Highlights-Zimbabwe Finance, Economic Development and Investment Promotion Minister Mthuli Ncube on 30 November 2023 proposed a ZW$58.2 trln National Budget for 2024 giving priority to, among other things, the need to maintain the purchasing power...
by Great Paraxy | Sep 20, 2023 | Bookkeeping, Tax
VAT registered operators are business registered for Value Added Tax. They collect VAT from consumers on behalf of the government. Their major mandate to charge Output Tax on every sale and account it to ZIMRA. Recently they have been supplies who have been chosen to...
by Great Paraxy | Sep 20, 2023 | Accounting, Bookkeeping, Tax
Who is liable to register for VAT? Any person who trades in taxable supplies and whose annual taxable turnover exceeds or is likely to exceed US$40,000.00 or ZWL equivalent within a period of 12 months is required to register for VAT. How to register for VAT in...
by Great Paraxy | Sep 17, 2023 | Tax
Do you Plan Borrowing? Then you need to read this. Shop around and compare offers from different lenders. This will help you get the best interest rate and terms. Only borrow what you need. Don’t borrow more money than you can afford to repay. Make sure you...
