Marvelous Tapera, Author at The Financial Gazette

TAX MATTERS: The new VAT WHT law and the Zambian experience

THE government has through Finance Act 2 of 2020 gazetted a new Valued Added Tax Withholding Tax (VAT WHT) rate, which will see its agents withholding 100 percent of VAT charged to them. (more…)

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January 15, 2021

Columns & Comment

TAX MATTERS: Capex rebasing: Good policy that needs tweaking

Capital allowances are incentives granted to taxpayers incurring expenditure on business assets. They are available on qualifying capital expenditure incurred on the provision of certain assets to be used in the production of income or for the purposes of trade. (more…)

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December 27, 2020

Columns & Comment

TAX MATTERS: Presumptive taxes meant to ensure compliance

EVERY person who derives income from trade is required in terms of the law to pay tax on such income. (more…)

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December 19, 2020

Columns & Comment

TAX MATTERS: Tax relief for non-exec directors – could this be true?

A DIRECTOR can be classified as a non-executive directors (“NED”) or executive director. An executive director is a full-time employee of the company with day-to-day responsibilities. On the other hand, a NED is a member of a company's board of directors who is not part of the executive…

December 15, 2020

Columns & Comment

TAX MATTERS: Rules of prescription: A tough ask for taxpayers

A fundamental reason for the existence of the rules of prescription in tax law is to provide taxpayers with certainty regarding their tax position. (more…)

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October 16, 2020

Columns & Comment

TAX MATTERS: To tax motoring benefit in the wake of Covid or not?

THE employment relationship is coupled with a number of duties and obligations by either party, but one other aspect that employers use to motivate their employees is that of fringe benefits because they reduce expenses for employees. Fringe benefits are brought into gross income in terms of s8…

October 3, 2020

Columns & Comment

TAX MATTERS: Tax authorities tighten noose

The promulgation of Statutory Instrument 33 of 2019 will forever be remembered as one legislative instruments that complicated, inter alia, taxation in Zimbabwe. (more…)

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September 25, 2020

Columns & Comment

TAX MATTERS: Taxpayers caught in the mix

THE Finance Act is one of the most crucial pieces of legislation in Zimbabwe as it guides businesses and the economy at large. Taxpayers look forward to the announcement of the fiscal budget and consequently, the Finance Bill as it normally brings changes that affect them in their…

September 11, 2020

Uncategorized

TAX MATTERS: Ready for first time TP returns submission?

MNEs and companies with associate transactions will be required for the first time in Zimbabwe to file transfer pricing (TP) returns. Disclosure is also required when a taxpayer has transactions with tax havens i.e. low tax jurisdiction countries.…

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August 7, 2020

Uncategorized

TAX MATTERS: Recoverability of bad debts

Businesses are facing significant and unprecedented challenges caused by the Covid-19 pandemic and economic backlash.…

0 COMMENT
July 17, 2020

Monday, 18 January 2021

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