What is the Pensions and Other Benefits Scheme? The Pension and Other Benefits Scheme (POBS), formerly referred to as National Pension Scheme (NPS), is a social security scheme whose main objective is to provide cash benefits to insured persons during periods of...
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...
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 for...
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...
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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