As we approach the due date for the 2024 Income tax return, we have decided to explore some of the mistakes which taxpayers make when they are doing their income tax computations. Income Tax and VAT Turnovers Reconciliation. The reconciliation of Income Tax and Value...
Zimbabwe Revenue Authority (ZIMRA), through Tax and Revenue Management System (TaRMS) upgrade, has activated a module that automatically populates fiscalised tax invoices issued by suppliers directly into input tax records. In light of this development, we are...
We have been getting a lot of inquires on National Employment Council registration requirements from firms in the construction sector. Below are the requirements which the firm should meet to register with NEC construction. Requirements to register with NEC...
Did you know that in terms of the enactments, a taxpayer has a remedy to object and appeal to an assessment which he deems is not fair to him. It is common for taxpayers to receive tax assessments from the Zimbabwe Revenue Authority (ZIMRA) and be asked by the tax...
What is a Tax Clearance certificate? it is a certificate issued by the Zimbabwe Revenue Authority (ZIMRA) to tax payers who are compliant with all their tax obligations. Who are Taxpayer? A taxpayer is a person who is registered with ZIMRA and is liable to pay tax....
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