Rebasing of Capital allowances for Income Tax Purpose. On 31 December 2020, the Minister of Finance issued an amendment to the finance (No.2) Act 10/2020 by insertion of the following: “If, in relation to capital allowances claimed (in any year of assessment before...
Understanding withholding of Value Added Tax? Withholding of Value Added Tax was introduced with effect from 1 January 2017 and some registered operators have since being appointed as VAT Withholding Tax agents. The VAT Withholding Tax agents’ role is to withhold a...
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...
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