TAX MATTERS: Taxation of amounts received for services

ZIMBABWEAN tax laws bring into gross income all amounts an employee derives in connection with employment, including all amounts received or accruing to a person by reason of employment or cessation of such employment.
It does not matter whether such amounts are paid in terms of a signed contract or under an implied contract or whether income is paid by a past, present or prospective employer.

In a nutshell, an employee is taxable in respect of any amount received “in respect of services” that he rendered in the past, or services which he may render in the future or in respect of his agreeing to any variation in his terms of employment or upon giving up his job or for forfeiting a right to be appointed to a particular po