Latest News & Notices

09 November 2020

FISCALISATION

(Taxman's Corner)

What is Fiscalisation? Fiscalisation refers to configuring of fiscal devices to enable them to record sales and send...

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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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