News: Tax

Pay As You Earn (PAYE) is a system of withholding income tax from employees' salaries before they are paid. The employer is responsible for calculating and deducting PAYE from employees' salaries and remitting it to the Zimbabwe Revenue Authority (ZIMRA). The PAYE...

Value-added tax (VAT) is an indirect tax that is added to the cost of goods and services at each stage of production and distribution, until it is finally paid by the consumer. The VAT rate in Zimbabwe is 15%. VAT is a consumption tax, which means that it is paid by...

Filing tax returns in Zimbabwe is a legal requirement for all businesses and individuals who are required to pay taxes. The due date for filing tax returns varies depending on the type of tax and the taxpayer's circumstances. The Zimbabwe Revenue Authority (ZIMRA) is...

Compliance with Tax Laws in Zimbabwe Compliance with tax laws in Zimbabwe is important for all businesses, regardless of size or industry. By complying with the law, businesses can avoid penalties and ensure that they are paying their fair share of taxes. There are a...

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...