TAX MATTERS: Zimra’s pay-now-argue-later principle
UNDERSTANDING the implications of Zimbabwean tax collection measures requires an appreciation of a taxpayer’s obligation and the extent of the revenue authority’s administrative powers.
UNDERSTANDING the implications of Zimbabwean tax collection measures requires an appreciation of a taxpayer’s obligation and the extent of the revenue authority’s administrative powers.
IN Zimbabwe, insurance businesses must navigate and comply with many tax obligations. Among these several obligations is the property and insurance commission tax in respect of commission paid to freelance…
FOLLOWING the 2024 Mid-Term Budget Review presented by the Minister of Finance, Economic Development and Investment Promotion, the Zimbabwe Revenue Authority (ZIMRA)’s Public Notice 71 of 2024 introduces significant updates…
TRANSFER pricing is increasingly becoming a focal point for tax authorities worldwide and Zimbabwe is no exception. The Zimbabwe Revenue Authority (ZIMRA) is actively working to prevent Base Erosion and…
WITH the full rollout of the Tax and Revenue Management System (TaRMS) set for October 1, 2024, Zimbabwe is on the brink of a significant shift in tax compliance.
Introduction to VAT Reforms: Effective 1 August 2024, Zimbabwe has proposed substantial reforms to its VAT system, exempting certain products to bolster economic growth and improve the affordability of essential…
THE zero rating of gold supplies for mining companies marks a significant policy shift in Zimbabwe’s tax regime. This change, introduced through Statutory Instrument 105 of 2024, aims to alleviate…
THE Value Added Tax (VAT) on Imported Services (VIS) in Zimbabwe ensures that services procured from non-resident persons and persons operating their business outside Zimbabwe and consumed by residents are…
IN Zimbabwe’s dynamic corporate finance sphere, schemes of reconstruction serve as vital mechanisms, particularly in an environment marked by frequent and impactful economic transformations.
AN independent contractor is a person or entity contracted to perform services for another entity as a non-employee, which offers a higher degree of autonomy than traditional employment.
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