News
Market
Jobs
About
Contact
List Product
Register
Login
Generate
WhatsApp Message
*PICTURE: If You Are Selling In Forex, Remit Tax In Forex - ZIMRA* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?yx Zimra has released a statement in the print press that states that businesses charging in foreign currency must remit tax in foreign currency. The notice reads in part: ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- It has come to the attention of Zimra that some businesses are trading in both RTGS and foreign currency. Following this observation Zimra has found it necessary to clarify that in accordances with the Finance Act, these businesses should remit the following taxes in foreign currency: PAYE: If employees are paid in forex, PAYEE must be in forex VAT: If the taxable supplies are in forex then VAT should be paid in forex Income Tax – if you are trading in forex income tax should be remitted in forex Capital Gains Tax – properties sold in forex must pay CGT in forex, property sold in ZWL will be presumed to have been sold in forex unless proof is produced that they were sold in ZWL Mining Royalties – to be paid in forex as specified by section 37A _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Give us Feedback
Full Name
WhatsApp Number
Feedback
Submit
Feedback