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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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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