News: Tax

Corporate Tax / Income Tax Returns (ITF 12C) For Tax Year Ended 31st December 2022. The Commissioner General of the Zimbabwe Revenue Authority (ZIMRA), advises all taxpayers, that the Income Tax Returns (ITF 12C), for the tax year ended 31st December 2022 are due as...

Due date for 2023's 1st Provisional Tax return (1st QPD). The 2023 first Quarterly Payments Date (QPD) is the on the 25th of March 2023. Taxpayers are urged to submit their ITF12B return on or/ before the 25th of March 2023. Remittance of 2023 1st Provisional Tax (1st...

Preparation of Transfer Pricing return  (ITF12C2). Multi national enterprises and companies with associate transactions are required to file Transfer Pricing returns. Disclosure are also required when taxpayer has transactions with tax havens i.e. low tax jurisdiction...

What is a Non Executive Director (NED)? A non-executive director is a member of a company’s board of directors who is not part of the executive team. A non-executive director typically does not engage in the day-to-day management of the organisation but is involved in...

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...