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...
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News: Accounting
Financial reporting implications of February 2 Monetary Policy Statement.
RBZ stops Publishing ZWL CPI : Firms caught between the Hard and Rock Places. The Blended Inflation Saga. The Reserve Bank of Zimbabwe (RBZ) released a Monetary Policy Statement on February 2, 2023, aimed at reviewing the current monetary policy measures. The...
Accounting of Intermediary Money Transfer Tax (IMTT) in Zimbabwe.
Introduction of the 2% Intermediated Money Transfer Tax (IMTT) Towards the end of the 2018 calendar year, the Finance Minister – Professor Mthuli Ncube announced a 2% Intermediated Money Transfer Tax (IMTT) as part of the austerity measures introduced by the...
Outsourcing Bookkeeping Services in Zimbabwe.
Are you a Small Business in Zimbabwe? Why not Outsource Your Bookkeeping To Us. For small or medium businesses maintaining up to date bookkeeping is probably the most important part of the daily routine. The establishment of an accounting division, hiring and training...
Intermediated Money Transfer Tax (IMTT) Amended Tax Rates for 2023.
Intermediated Money Transfer Tax (IMTT) Amended Tax Rates. With effect from 1 January 2023, The FINANCE (No. 2) ACT, 2022 revised down Intermediated Money Transfer Tax (IMTT) from 4% to 2% on all USD transactions. Amendment of section 22G of Cap. 23:04 With effect...
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