ADVANCE TAX RULINGS (ATRs)
(Taxman's Corner)What is an Advance Tax Ruling? An Advance Tax Ruling (ATR) is a written statement issued by the Commissioner General...
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Latest News & Notices
22 July 2022
14 July 2022
Authorized Economic Operator (AEO) Programme
(Taxman's Corner)Customs – Business Relationship In line with international best practice and the Customs and Excise Act [Chapter...
30 June 2022
Tax credits for corporates
(Taxman's Corner)A tax credit is a type of tax incentive that reduces the tax liability of qualifying taxpayers as it is deducted from...
02 June 2022
Authentication of a tax clearance
(Taxman's Corner)Withholding tax on tenders is deducted from taxpayers who fail to furnish the paying officer with valid Tax Clearance...
27 May 2022
Exportation of goods under Regional Trade Agreements (RTA) & Free Trade Area (FTA)
(Taxman's Corner)Zimbabwean exporters may be registered under various trade protocols in order to enjoy preferential rates of duty when...
19 May 2022
Obligation to furnish returns and information
(Taxman's Corner)All persons carrying out business in Zimbabwe are required by law to furnish returns and information. They are also...
12 May 2022
Drawback of duty
(Taxman's Corner)A duty drawback is a refund of Customs duties, taxes and fees paid on imported items that are subsequently exported....
05 May 2022
Capital Gains Tax on cession agreements
(Taxman's Corner)When can a cession agreement be used? A Cession agreement may be used where the rights and obligations under an...
Question Of The Day
Question
What is the margin of variance allowable when calculating under self-assessment?
AnswerThe margin of variance should not be more than 10% of the tax payable when calculating the Income Tax due for the year.
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