🚨 ZIMRA Garnishee and the "Pay Now, Argue Later" Rule: A Taxpayer's Reality in Zimbabwe In the landscape of Zimbabwean tax law, two principles stand out for their immediate and often severe impact on businesses and individuals: the power of the Garnishee Order...
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What VAT-registered business must do ensure full compliance under the TaRMS-FDMS regime?
As ZIMRA continues to preach about compliance. Its very important that business heads the preaching. Here is a summary of the specific actions a VAT-registered business must take today to ensure full compliance under the TaRMS-FDMS regime. These actions fall into...
Taxpayers should be on the look out for these issues on TaRMS and FDMS rollout
No major system rollout, especially one that fundamentally alters a country's tax infrastructure, is without its transitional pain points. While the long-term benefits of TaRMS and FDMS are clear, the initial phases have presented significant practical challenges for...
TaRMS and FDMS: The Mechanics of VAT Compliance
As the integration between TaRMS and the Fiscalisation Data Management System (FDMS) is the single most critical factor in ZIMRA's effort to combat VAT fraud and enforce compliance. Here are the specifics of how this integration works and its profound impact on...
TaRMS Implementation and the Future of Tax Compliance in Zimbabwe-The Digital Leap
The Digital Leap: TaRMS Implementation and the Future of Tax Compliance in Zimbabwe Tax compliance is the backbone of any functioning economy, and in Zimbabwe, it has historically been constrained by complex, manual, and often opaque administrative processes. To...
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