Governed by the Transfer pricing legislation Sect 98A and 98B of the Income Tax Act was introduced on the 1st of January 2014. The law was meant to forestall transactions that do not satisfy the arm’s length principle between associates. What are Arms Length...
NSSA Registration & Returns Regularize your business by registering with the National Social Security Authority (NSSA). All employers are required by the law to register with National Social Security Authority. Whether you are in the formal or informal sector, you...
https://lucent.co.zw/tax/what-are-the-requirements-to-for-vat/ The Tax Legislation is made out of three main sources which are; The legislation (Acts) Precedent / Case law / Court Decisions Statutory Instruments. We have seen at fit at Lucent Consultancy to dissect...
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...
Introduction of Block Management System : What it entails to Taxpayers. The Zimbabwe Revenue Authority (ZIMRA) hereby notifies all its valued taxpayers that it has implemented a Block Management System (BMS) with effect from 1 January 2023. The BMS involves zoning of...
Feel free to follow us on social media for the latest news and more inspiration.