Business partner master data and data integrity
(Taxman's Corner)What is Business Partner Master Data? A business partner master data stores information related to the taxpayer such...
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Latest News & Notices
15 October 2021
24 September 2021
Applying for Capital Gains Certificate online
(Taxman's Corner)Introduction As a mitigating measure against the spread of COVID-19, companies and individuals have been encouraged to...
20 September 2021
ATAF courts communications personnel
(Story)Communication personnel have the responsibility to liaise between tax administrations and taxpayers to communicate and...
20 September 2021
ZIMRA K9 indomitable in crime detection at border posts
(Story)United States of America senator George Vest, lawyer and politician once said that the one absolutely unselfish friend that a...
16 September 2021
10 September 2021
Taxation of Capital Gains Arising from Disposal of Specified Assets
(Taxman's Corner)Capital Gains Tax (CGT) is a tax levied on the capital gain arising from the disposal of a specified asset. Specified Asset...
24 August 2021
WHAT IS FISCALISATION AND INTERFACING?
(Taxman's Corner)Fiscalisation is the recording of transactions for Value Added Tax (VAT) purposes using electronic fiscal gadgets. The...
23 August 2021
Impact of South African riots for Zimbabwe
(Story)The Zimbabwe Revenue Authority (ZIMRA) Research and Development Section led by the Director Strategy, Research and...
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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