In Zimbabwe, Capital Gains Tax (CGT) is a tax levied on the profit (gain) realized from the sale or disposal of a "specified asset." It is governed by the Capital Gains Tax Act [Chapter 23:01].The tax is not charged on the total selling price, but rather on the...
In Zimbabwe’s tax framework, a Tax Credit is a powerful incentive for corporates. Unlike a tax deduction (which only reduces the amount of income subject to tax), a tax credit is a dollar-for-dollar reduction of the actual income tax you owe. While many business...
Understanding Tax Credits for Individuals in Employment in Zimbabwe In the Zimbabwean tax system, tax credits are a powerful way for individuals to reduce their tax liability. While a "deduction" reduces the income that is subject to tax, a "credit" is a...
Keeping Your Business in the Light: A Layman’s Guide to ZIMRA Tax Compliance In the world of business, your focus is usually on growth, sales, and customer satisfaction. However, behind the scenes, there is a silent partner that requires regular attention: the...
This public notice from ZIMRA represents a significant shift toward real-time compliance monitoring and automation. By moving to a monthly validity period for Tax Clearance Certificates (ITF263), the tax authority is effectively placing businesses under constant...
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