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...
Understanding VAT in Zimbabwe: Time of Supply and the Treatment of Advance Payments The Value Added Tax (VAT) system in Zimbabwe, governed by the VAT Act [Chapter 23:12], is a critical component of business operations and tax compliance for registered operators. Two...
The shift in the Value Added Tax (VAT) rate from 15% to 15.5%, as stipulated in the Finance Act, 2025 (Act No. 7 of 2025), presents a significant, though seemingly small, technical challenge for businesses. A successful migration requires meticulous planning across...
The Compliance Crucible: Navigating the Tax Revolution of the Finance Act, 2025 The Finance Act, 2025 (Act No. 7 of 2025), effective largely from January 1, 2026, is not merely an annual fiscal adjustment; it is a legislative mandate for a fundamental shift in...
Understanding Capital Gains Tax in Zimbabwe Capital Gains Tax (CGT) is a critical component of Zimbabwe’s fiscal landscape, ensuring that value appreciation in significant assets contributes to the national treasury. Governed by the Capital Gains Tax Act [Chapter...
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