New tax to hit commercial properties

As part of the Zimbabwe Revenue Authority (Zimra)’s plan to improve revenue inflows into state coffers, residential properties worth US$250 000 attract a one percent tax.
By Tafadzwa Mhlanga Jun. 14, 2024

Experts rebuff ‘high tax regime’ claim

They argued that the 20% capital gains tax, applied retrospectively on the full purchase price, was excessive and detrimental to investor confidence.
By Mthandazo Nyoni Jun. 7, 2024

ZB total incomes up 394%

Fungura said loan impairment charges rose by 73%, from a negative ZW$32,76 billion in 2022 to a negative ZW$56,62 billion in 2023.
By Blessed Ndlovu May. 31, 2024

WTS Tax Matrix Academy launches query services platform

The creation of the query services platform comes after WTS received an overwhelming amount of calls regarding tax.
By Tafadzwa Mhlanga May. 28, 2024

Arbitrary Zim taxes worry experts

Dube also complained about the lack of consistency on some of the tax measures, making it complex to enforce compliance.
By Tafadzwa Mhlanga May. 26, 2024

Poor remuneration for tax collectors fuels corruption, tax revenue loss

The claims, if they are true, are a major threat to tax revenue and this calls for the nation to spare a thought for these vital cogs in the country’s economic development agenda.
By Canisio Mudzimu May. 26, 2024

Thriving banking sector, shrinking confidence

Reports from most people, as well official data, indicate receding deposits and increased withdrawals as economic players prefer “under the pillow” banking to traditional banking.
By Tinashe Duma May. 17, 2024

Govt ‘regrets’ tax hike

Mnangagwa said the IMTT hike was a social and economic experiment to see how people and businesses would react upon which it would be reviewed.
By Priviledge Gumbodete May. 10, 2024

Discomfort over ZiG legislative tax gaps

Since the introduction of ZiG, the fiscalisation of the Zimbabwe Revenue Authority (Zimra) systems into ZiG has been a slow and troublesome process for taxpayers.
By Tafadzwa Mhlanga Apr. 26, 2024