SECOND QPD FOR 2022

General
The second instalment of provisional income tax (QPD) for the year is due on Saturday 25 June 2022. This instalment (payable in the currency of trade) is calculated at twenty five percent of the projected annual income tax on profit from trade and investments. Projected annual taxable income must be based on year to date profit rather than results for…
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SUBMISSION OF 2021 INCOME TAX RETURNS

Accounting, Taxation
The Commissioner General of the Zimbabwe Revenue Authority (ZIMRA)  has given notice to all registered taxpayers that they are required to submit  their income tax returns for the year of assessment ended 31 December 2021. Public Notice Number 29 of 2022 declared that the following registered taxpayers are required to submit their Income tax , Capital Gains tax and Transfer…
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FIRST QPD FOR YEAR 2022

Taxation
The first  instalment of provisional income tax (QPD) for the year is due on Friday 25 March 2022. This instalment (payable in the currency of trade) is calculated at ten percent of the projected annual income tax on profit from trade and investments. The rest of the QPD dates and rates for the year are payable as set out below.…
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THE TAX CLEARANCE DILEMMA

Software, Taxation
Every New Year comes with joy and jubilation for the ordinary folks. It presents the opportunity to propound new resolutions, new beginning and new prospects of business prosperity in the future. The story was not rosy for the Zimbabwean taxpayer this year. First and foremost, the tax changes contained in Finance Act Number 7 of 2021 are unsettling to say…
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