Jan. 3, 2022
According to Act No.7, Finance Act the taxable income for a person that receives their salary partly in United States Dollars shall be taxed as if the income was in USD.
March 3, 2021
With effect from 1 January 2021 there was a new insertion on the sectors that pay presumptive tax. This insertion added professionals to the lists of categories subject to presumptive tax. The presumptive tax is paid by self-employed professionals who would not have submitted income tax returns for the previous year of assessment.
Dec. 31, 2019
Tax collector, the Zimbabwe Revenue Authority (Zimra) said on Sunday local businesses must be ready to effect a 0,5 percentage point reduction in value added tax (VAT), which comes into effect on January 1, 2020.The move, which will likely result in minor price reductions, follows the decision by Finance and Economic Development Minister, Professor Mthuli Ncube, in the 2020 national budget presented last month, to reduce VAT to 14,5 percent from 15 percent effective the beginning of the year.
Nov. 14, 2019
Under the 2020 Budget, a fiscal incentive is being introduced to support employers who generate jobs for our young job seekers. Any additional job created will attract a percentage tax rebate to the employer, linked to the employee’s salary.
Nov. 22, 2019
PwC Worldwide Tax Summary