THE IMPORTANCE OF ENGAGING LICENSED TAX AGENTS

Taxation, Technology
The Zimbabwe Revenue Authority (ZIMRA) has recently issued Public Notice 6 of 2024, emphasizing the significance of engaging licensed tax agents for all tax-related matters. This blog post aims to shed light on the implications of this notice and highlight the benefits of working with licensed tax agents for individuals and businesses operating in Zimbabwe. According to Statutory Instrument 125…
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FOURTH QUARTER PROVISIONAL INCOME TAX FOR 2023

Taxation, Technology
The fourth quarter's provisional income tax (QPD) is due for payment on Wednesday 20th December 2023. This instalment, payable in the currency of trade, constitutes 35% of the estimated annual income tax from trade and investments. While individual quarterly calculations with annualized tax are acceptable, the Zimbabwe Revenue Authority (ZIMRA) strongly recommends calculations of year-to-date profits for a more accurate…
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ZIMRA UNVEILS FISCALISATION DATA MANAGEMENT SYSTEM

Taxation, Technology
The Zimbabwe Revenue Authority (ZIMRA) is set to revolutionize its operations with the introduction of the groundbreaking Fiscalisation Data Management System (FDMS), as announced in Public Notices 40 and 50 of 2023.  This cutting-edge system aims to tackle the existing challenges in the fiscalisation process and enhance overall efficiency. The current system faces two primary challenges. Firstly, the non-standardized fiscal…
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