Disposal of goods in a State Warehouse
(Taxman's Corner)Goods which are kept in a State Warehouse are ultimately disposed of if they are not collected by the owners within...
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Latest News & Notices
13 October 2020
30 September 2020
A guide to using PAYE Tax Tables
(Taxman's Corner)Income Tax Act (Chapter 23:06) Thirteenth Schedule requires an employer to withhold and remit employees tax (PAYE) in...
20 September 2020
Authorised Economic Operators (AEO) Programme
(Taxman's Corner)Zimbabwe has implemented the Authorised Economic Operator (AEO) programme in line with international best practice and the...
11 September 2020
Deduction of input tax using a tax invoice: Section 15:2 of the VAT Act (Chapter 23:12)
(Taxman's Corner)Value added tax Value Added Tax (VAT) is an invoice based tax. The tax invoice generated on both cash and credit...
08 September 2020
Rebate of duty on goods donated to local authorities
(Taxman's Corner)Local authorities can import certain goods duty free in terms of Section 137 of the Customs and Excise (General)...
27 August 2020
Recovery of Revenue
(Taxman's Corner)Statutory Instrument (SI) 150 of 2020 was promulgated on 26 June 2020 to provide regulations and procedures to people...
26 August 2020
ZIMRA sows at Alpha Cottages and Mucheke
(Story)By Chenayi Mack-Maponga and Mavis Njera It was a joyful moment when the Zimbabwe Revenue Authority (ZIMRA) graced...
05 August 2020
Zimra Whistle-Blower Facility
(Taxman's Corner)The Zimbabwe Revenue Authority (ZIMRA) wishes to inform the public that in an effort to eradicate tax and duty evasion it...
Question Of The Day
Question
How do you estimate your income for the year?
AnswerThis forecast should be based on your business trends including the macro – economic and environmental factors and the nature of one’s business. The most recent sales figures sometimes provide a reasonable basis for estimating the income for the year.
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