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04Sep 2021 by Richard Dimingo

THIRD QPD FOR YEAR 2021

Taxation

The third installment of provisional income tax (QPD) for the year is due on Saturday 25 September 2021. This installment (payable in the currency of trade) is calculated at thirty percent of the projected annual tax on income from trade and investment. Projected annual taxable income must be based on year to date figures rather than results for the respective…

13Aug 2021 by Richard Dimingo

UPDATE OF PERMANENT FILE DATA

Accounting, General, Taxation

The Zimbabwe Revenue Authority (ZIMRA) has through Public Notice Number 72 of 2021 advised all operating business taxpayers to update their permanent file information (master data) in terms of the requirements of both the Income Tax Act and Value Added Tax Act. Permanent file information includes but is not limited to the taxpayer’s physical address, email address, telephone numbers, bank…

20Jun 2021 by Richard Dimingo

REVIEW OF NSSA CONTRIBUTIONS

Payroll

The National Social Security Authority (NSSA) has through Public Notice advised stakeholders and employers of the revision of the current insurable earnings. The authority cited statutory instrument 169 of 2021 namely National Social Security Authority (Pensions and Other benefit schemes) (Rates of Benefits) Amendment Notice 2021 (No 28) as the major reason for review. Section 8 of the statutory instrument…

01Jun 2021 by Richard Dimingo

SECOND QPD FOR YEAR 2021

Taxation

The second installment of provisional income tax (QPD) for the year is due on Friday 25 June 2021. This installment (payable in the currency of trade) is calculated at twenty five percent of the projected annual tax on income from trade and investment. Projected annual taxable income must be based on year to date figures rather than income and expenses…