Value Added Tax (VAT) and transfer pricing (TP) are largely viewed as two separate fields of tax. Adjustments to one area have limited and predictable consequences for the other area. (more…)

THE lockdowns, which many governments have put in place since the emergence of the Covid-19 pandemic, have placed involuntary trade embargoes within or without their national borders and this has had a severe economic impact especially on establishments relying on actual customer contact. (more…)

The Telecommunications industry has been witnessing remarkable growth and transformation in the past few decades, and this trend is expected to continue in the future. (more…)

THE agriculture sector largely influences the economic, social and political lives of the majority of people in Zimbabwe. It is also the source of sustenance for most rural Zimbabweans. (more…)

With the advent of the new normal, where systems and the way of working are constantly changing, most individuals are opting for self-employment so as to service a larger number of clientele as well as pay lesser tax. (more…)

THE hiring of equipment or intellectual property from non-resident persons is prevalent in developing countries such as Zimbabwe. (more…)

The Value Added Tax system is premised on documentation such as tax invoices, credit and debit notes. (more…)

THE 2020 tax year will be the second year Zimbabwean enterprises with intercompany transactions will be required to submit a Transfer Pricing (TP) return (ITF12C2). (more…)

UNDER the current difficult economic environment, employers may wish to cushion their employees by giving them loans where financial institutions are hesitant to do so because of the high default rate. (more…)

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…)