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Taxation of Trusts in Zimbabwe

Taxation of Trusts in Zimbabwe

Is a Trust Taxable in Zimbabwe? Generally a trust is not taxable under the Zimbabwe tax system. An exception, however, is when it has income to which no beneficiary is entitled. When are Trust Taxed? The taxation of trusts and beneficiaries emanates from the Section 2...

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March 2023 QPD’s Due Date.

March 2023 QPD’s Due Date.

Due date for 2023's 1st Provisional Tax return (1st QPD). The 2023 first Quarterly Payments Date (QPD) is the on the 25th of March 2023. Taxpayers are urged to submit their ITF12B return on or/ before the 25th of March 2023. Remittance of 2023 1st Provisional Tax (1st...

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Transfer Pricing Return (ITF12C2)

Transfer Pricing Return (ITF12C2)

Preparation of Transfer Pricing return  (ITF12C2). Multi national enterprises and companies with associate transactions are required to file Transfer Pricing returns. Disclosure are also required when taxpayer has transactions with tax havens i.e. low tax jurisdiction...

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Taxation of Trusts in Zimbabwe

What is Withholding Tax on Directors Fees?

What is a Non Executive Director (NED)? A non-executive director is a member of a company’s board of directors who is not part of the executive team. A non-executive director typically does not engage in the day-to-day management of the organisation but is involved in...

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