News: Tax

What is Intermediated Money Transfer Tax (IMTT). Towards the end of the 2018, the Finance Minister announced a 2% Intermediated Money Transfer Tax (IMTT) as part of the austerity measures introduced by the government. It is tax levied on each transaction involving the...

Types of Tax payable by persons in Zimbabwe. Are you thinking of moving to Zimbabwe or investing in Zimbabwe. We have compiled a list of taxes that you will likely to experience. The taxes are levied by the following legislation. The Income Tax Act [Chapter 23:06] The...

Businesses are liable to remit income tax.The article explores on the computation of business and investment income. It also explains the differences between accounting income and tax income. The determination of business income is the same whether the business is...

Businesses are liable to register with ZIMRA as soon as they start trading. Income Tax , one of the tax heads the business is liable to register. After registering with ZIMRA, business is issued a Business Partner Number (BPN). Most taxpayer often ask question about...

What is Value Added Withholding Tax? It is tax withheld by appointed agents when they pay their suppliers for the acquisition of taxable goods and services.Withholding of Value Added Tax (VAT) was introduced with effect from 1 January 2017. ZIMRA appointed agents to...