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ZIMRA SIGNS MoU WITH HIT

(Story)

The Zimbabwe Revenue Authority (ZIMRA) signed a Memorandum of Understanding with the Harare Institute of Technology...

11 November 2021
04 November 2021

Question Of The Day

Question

Why do banks need company tax clearances on opening of a bank account?

Answer

It is an obligation for every income generating business to be registered with ZIMRA and have a tax clearance as an indication that their tax affairs are up to date. Banks are obliged to ask their clients for any documents they need including the Tax Clearance certificate.

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