17Sep 2022 by Richard Dimingo

THIRD QPD FOR YEAR 2022

Taxation
The third instalment of provisional income tax (QPD) for the year is due on Sunday 25 September 2022. The instalment (payable in the currency of trade) is calculated at the rate of thirty percent of the projected annual income tax from trade and investments. Projected annual taxable income must be calculated from year to date profit instead of  the respective…
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15Apr 2022 by Richard Dimingo

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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02Mar 2022 by Richard Dimingo

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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16Jan 2022 by Richard Dimingo

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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