Bitform Enterprises PL

We understand the business legal framework in Zimbabwe and have developed business networks with the future of your business in mind.

We offer:
Business Advisory & mentorship.
TIN certificate.
Corporate Bank Account Opening Assistance.


Call/Whatsapp: 077 992 7155
https://wa.me/message/S6KMACNWAZCUF1
Tel: 08644 288 987
Office: 12th floor Joina City, J Moyo Ave, Harare.

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{ERP & SOPs}.

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Call: Hre 077 992 7155
Gweru +263 78 717 3921

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It's about time you switch to a accessed well integrated with system and will be customised to address your specific business line needs.

We Sell, Implement, Train & Support.


Call/Whatsapp 077 992 7155
Tel: 08644 288 987
Email: [email protected]
Office: 12th floor Joina City, J Moyo Ave, Harare Zimbabwe

This is the best solution for growing your business.

#2023 BULLETINGs.

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With effect from 1 Jan 2023, it is proposed to increase the *ZWL Income* Tax threshold to 900 000 p.a (75 000/month).

PAYE threshold in *foreign currency* remains the same at US$1 200 p.a ($100/month).

levy* remains at 3% of the Individual Tax payable.

of Traders as Taxpayers*
The Minister of Finance proposed to introduce a new section to the Income Tax Act which covers registrable taxpayers.

- Who qualifies as *Registrable Taxpayer*
* The Ministry shall priscribe the category (set of minimum requirements) of persons earning income from trade who must register as Registrable Taxpayers.

# Value Added Tax

With effect from 1 Jan 2023, it is proposed to reinstate the rate of Value Added Tax from 14.5% to the previous rate of 15%.

On of -hand .
With effect from 1 Jan 2023, VAT at 15% will be applicable on the supply of motor vehicles sold by persons who are not motor dealers, whether on their own account or on behalf of other persons.

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The Minister of Finance proposed to introduce a Virtual Fiscalisation system.

of & Definition
~ With effect from 1 Jan 2023, it is proposed that the definition of "Stamp" include an electronic stamp & "Stamped" include in the case of an instrument not in material form, endorsed by an electronic stamp in the form approved by the Commissioner.

Money Transfer Tax on Foreign Currency*
With effect from 1 Jan 2023, it is proposed to reduce the IMTT on foreign currency transfers from 4% down to 2%.

Money Transfer Tax.
• Transfers from Designated Special Purpose Accounts created for the delivery of projects by Implementing Partners of organisations covered under the Privileges and Immunities Act were exempted from IMTT from 21 March 2021.

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The Tax Rate remain the same at:
- Income of Individual from Trade & Investment 24%.
- Income of Company or Trust 24%.
- Dividends from company incorporated outside Zimbabwe 20%.

Tax
The Tax Rate remain the same:
- At 30% on Income payable to non-complient traders.

for Non-compliance

# The Minister proposed a fixed penalty of US$30 or it's equivalent in Zimbabwe dollars & a cumulative penalty over a period not exceeding 90days on of *.

effect from 1 Jan 2023, the Minister proposed to increase on from 25% to 200%.

, it had been proposed that: A Newly Registered Company will be penalised $30 per day if 30 days passed (from the day of incorporation) before it registers for Tax with Zimra.* To be effective from 1 Jan 2023 if approved.

Get your company papers in order in time before exposing it to large sums of penalties with us.

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For detailed information on Compliance & Tax planning services contact:


Call/Chat ~ +263 77 992 7155
Office: 12th Floor Joina City, J Moyo Ave, Harare.