PUBLIC NOTICE: SYSTEMS CHANGEOVER FROM ZWL TO ZiG The Zimbabwe Revenue Authority (ZIMRA) would like to advise its valued clients that we are in the final phase of configuring our systems to allow the changeover from ZWL to the new ZiG currency in compliance with Statutory Instrument (SI) 60 of 2024. As a result, all…
As of 2022 Zimra noted that data and airtime allocated to employees shall be part of the payroll as follows ” With effect from 1 January 2022, the definition of advantage or benefit now includes the provision of data and airtime given by the employer to the employee for use at the home or outside work…
The latest Elderly tax credit as published by Zimra reads\ “Entitled to an elderly persons’ credit of ZWL$450,000.00 per annum or US$900.00 for income in forex.” Ensure to update your payroll with the latest Tax Credits for your employees. Tax credits are update yearly and only apply for person who has turned 55 years in…
Use of motor vehicleWhere an employee enjoys the use of a company vehicle or is allocated a company vehicle, the value of the benefit is determined according to the engine capacity of the vehicle. The deemed benefits for 2023 are as shown in table below. Engine Capacity Deemed Value – ZWL Deemed Value – (USD) Up to…
