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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HAPPY HOLIDAYS

Accounting, General, Taxation
On behalf of all of us at Next Investments, we wish you a happy, safe and restful holiday season. We look forward to seeing you in 2022. In retrospect, it has been a tough year for all of us due to the adverse impact of the pandemic which has been heart-rending and devastating to personal lives and business. While the…
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AUTOMATIC ISSUANCE OF 2022 TAX CLEARANCES

General
Compliant taxpayers will from now on automatically receive their 2022 tax clearance certificate (ITF263) starting from 8 November 2021. This was recently announced by the Zimbabwe Revenue Authority (ZIMRA) through Public Notice Number 111 of 2021. According to the notice, compliant taxpayers will no longer need to apply for their tax clearance certificates. Instead the ITF263 will be emailed to…
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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…
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