Upon registering your business with Deeds office, you are liable to open a Corporate Account with bank of your choice. We have compiled a check list you may need to open a corporate account. Here are some of the factors you m: The type of business you have: The type...
Situations where Churches are Taxable in Zimbabwe. Churches in Zimbabwe are generally exempt from income tax and capital gains tax, but they may be liable to value added tax (VAT) if they meet certain criteria.A significant number of church organisations in Zimbabwe...
Corporate taxes in Zimbabwe are governed by the Income Tax Act (Chapter 23:06). The standard corporate tax rate is 24%. However, there are a number of deductions and exemptions that can reduce the amount of tax that a company owes. Some of the deductions that are...
Capital gains tax is a tax on the profit made from the sale of an asset, such as a house, shares, or a business. In Zimbabwe, capital gains tax is administered by the Zimbabwe Revenue Authority (ZIMRA). The capital gains tax rate in Zimbabwe is 20%. However, there are...
Withholding taxes are taxes that are withheld by a payer from a payee before the payment is made. The payer is then responsible for remitting the withheld taxes to the tax authority. Withholding taxes are used in Zimbabwe to collect taxes on a variety of payments,...
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