TAX MATTERS: Independent contracting in the new normal

With the advent of the new normal, where systems and the way of working are constantly changing, most individuals are opting for self-employment so as to service a larger number of clientele as well as pay lesser tax.
This is particularly for services such as graphic designing, Information and Technology (IT), bookkeeping and accounting, only to mention a few.
For companies on the other hand, the attraction of hiring an independent contractor is the reduced costs in: expenses, payroll, benefits, and other overheads.

Lower overheads mean less stress to bring in new business revenue to cover costs. One of the most consistently challenging aspects of contracting in Zimbabwe is complying with the country’s tax