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Question Of The Day

Question

What happens when one stops trading?

Answer

There is need to notify ZIMRA so that de - registration procedures are duly completed This includes payment of all taxes due and submission of all tax returns. ZIMRA may also undertake a deregistration audit. If the business was fiscalised, ZIMRA will need to deregister the fiscal machines

The company is only deregistered from the ZIMRA system after confirmation from the Registrar of companies that the company has been struck off the Companies register.

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