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A dive into some of Triggers of Audits by ZIMRA
The Zimbabwe Revenue Authority (ZIMRA) uses a combination of factors to select businesses for a Value Added Tax (VAT) audit. The selection is typically driven by a risk-based assessment, but can also occur randomly or due to specific triggers. 🚩 Discrepancies and...
Handling ZIMRA Audits- Moving from fear to confidence with Lucent Consultancy
Navigating ZIMRA Audits: Moving from Fear to Confidence The initial statement captures the common sentiment perfectly: ZIMRA audits are often a source of intense stress and fear for Zimbabwean businesses. This fear stems from the power ZIMRA holds to impose...
ZIMRA Audit-Navigating ZIMRA Audits-What the Taxpayer should know.
The ZIMRA Voluntary Disclosure Program (VDP) is one of the most powerful tools a business has to manage and mitigate audit risk. It directly supports the article's message that ZIMRA officers are understanding, provided the taxpayer demonstrates good faith. Here is an...
ZIMRA Compliance: Your Essential Guide to Business Tax in Zimbabwe
ZIMRA Compliance: Your Essential Guide to Business Tax in Zimbabwe ZIMRA compliance is a non-negotiable legal requirement for every business operating in Zimbabwe, regardless of size. The Zimbabwe Revenue Authority (ZIMRA) is the government body responsible for...
What is a P6 Form – You have been requested by your employer abroad for a P6 Tax Clearance?
📝 Did You Know? The P6 Tax Certificate Explained! Did you know that issuing Tax Certificates (Form P6) is a mandatory obligation for employers in Zimbabwe? This requirement is enshrined in Paragraph 14 of the Thirteenth Schedule of the Income Tax Act (Chapter...
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