VAT Treatment-Supply of Goods and Services. In terms of the Value Added Tax (VAT) Act [Chapter 23:12]. VAT is levied on the supply of goods and services as well as on the importation and exportation of goods and/or services. Taxable supplies attract VAT at specified...
Zimbabwe Key Tax for 2022 and 2023 Highlights from Budget Statement and Finance Act 8 of 2022. On Thursday 24 November 2022, the Honourable Minister Mthuli Ncube presented the 2023 budget. The budget theme was “Accelerating Economic Transformation.”The article hinges...
Tax Compliance in Zimbabwe. Did you know that you can avoid unnecessary penalties and interest by following basic tax and duty compliance requirements? Tax compliance is important for your business. Statutory Requirements for Corporate Income Tax. Income Tax is tax...
Fiscal Incentives made available by government of Zimbabwe for Investors. Tax incentives are generally defined as fiscal measures that are used to attract local or foreign investment capital to certain economic activities. Generally tax incentives must confer an...
Explaining Pay As You Earn (PAYE) in Zimbabwe. To understand Pay As You Earn (PAYE), we need to know what is remuneration?We also to ascertain if different types of income/remuneration received or receivable by an employee are taxable? What is Remuneration when it...
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