Zimbabwe's Digital Crossroads: Unpacking the Impact of the New 15% Digital Services Tax Effective January 1, 2026, Zimbabwe is introducing a 15% Digital Services Withholding Tax (DSWT), a move poised to reshape the nation's digital landscape. This "digital tax" aims...
The integration of the Tax and Revenue Management System (TaRMS) and the Fiscalisation Data Management System (FDMS) as outlined in Public Notice 63 of 2025 is a transformative step for Zimbabwe’s tax landscape. While it offers unparalleled efficiency through...
📊 Accounting for the Intermediated Money Transfer Tax (IMTT) Post-January 1, 2026 The Finance Act No. 7 of 2025 marks a significant shift in the tax landscape by making the Intermediated Money Transfer Tax (IMTT) an allowable deduction for corporate income tax...
🗓️ The Tax Point: Understanding Time of Supply in Zimbabwe VAT Legislation The concept of Time of Supply is arguably the most fundamental principle in Value Added Tax (VAT) legislation, dictating the precise moment a transaction is legally deemed to occur for tax...
The General Deduction Formula: Understanding Tax Deductions in Zimbabwe For taxpayers in Zimbabwe, the ability to deduct expenses is a critical factor in determining taxable income. The guiding principle for deductibility is enshrined in the Income Tax Act [Chapter...
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