News: Tax

📰 Company Operation and ZIMRA Scrutiny: The Necessity of "Workers" The question of whether a company can operate without workers, especially in the context of the Zimbabwe Revenue Authority (ZIMRA) audits, is a highly relevant issue for businesses in Zimbabwe. While...

This is a detailed analysis of Statutory Instrument (S.I.) 140 of 2024, which introduces significant amendments to the Value Added Tax (General) Regulations in Zimbabwe. The core impact of this S.I. is to expand the list of goods and services that are Zero-Rated or...

The proposal is an Export Tax on Un-beneficiated Minerals (often layered with or presented as a VAT or levy on export) aimed at encouraging mineral beneficiation and value addition within the country. Lets analyse the measure and its potential impact, based on the...

📉 Analysis of the Disallowed Deduction of Capital Redemption Allowance (CRA) for Mining Companies The proposal to repeal paragraph 4 of the Fifth Schedule to the Income Tax Act removes a major, long-standing tax incentive for the mining sector. Currently, mining...

🚚 Analyzing the Migration from Presumptive Tax to Corporate Income Tax The proposal to graduate specific large transport operators—namely Public Service Bus operators (above 25 seats), Haulage Truck operators, and Commercial Water Vessels—from the simplified...