Important Deadlines for this week :
- ZIMRA PAYE Return & Payment is due by Monday the 10th of May 2021 .
- ZIMRA 10% Withholding Tax Return & Payment is due by Monday the 10th of May 2021 .
- NSSA P4A Return & Payment is due by Monday the 10th of May 2021 .
- IMMT Tax Return & Payment is due by Monday the 10th of May 2021 .
- ZIMDEF Return & Payment is due by Saturday the 15th May 2021.
ZIMRA Hot News:
The public is being urged and reminded of the following !!!!!!
1) Where a sale is made in foreign currency, the invoices, till slips, or receipts recording
that sale transaction must be issued in foreign currency.
2) Where a sale is made in both local currency (ZWL) and foreign currency, the invoices,
till slips, or receipts must reflect the correct respective currency details.
3) To always request or be issued with a receipt/invoice in the currency of trade as used
in the transaction.
4) Report any such business that do not comply with issuance of invoices, till slips or
receipts showing the correct currency of trade. Please report to the nearest ZIMRA
Office or ZIMRA HOTLINES 08004422/08004423 or through the email address:Non-FiscalisationReport@zimra.co.zw
Money news:
- The RBZ auction weighted exchange rate results for Tuesday 4 May 2021 was 84.5282. We await for 11 May 2021 results tomorrow.
- The monetary policy committee meeting held on 30 April 2021 noted inflation figures at March(240.1%) & April 2021 (194%). A 55% inflation rate is targeted by the close of July 2021.
- RBZ approved a ZWL500 million facility for term finance for Micro, Small & Medium Enterprises to be accessed from banks & micro finance institutions @30% per annum. Time to have your books of accounts updated and business plans in place. Inflation rate at 194% and Interest rate at 30%. This credit is affordable.
Other News:
Get your NSSA Clearance Certificate. The NSSA clearance certificate covers the following advantages ;
- Covers employees in the event of work related injury ,sickness or death.
- Enables you to bid for tenders ,expression of interest ,and enlistment as a preferred supplier.
- When you enlist the services of a contractor with a NSSA clearance certificate, you are covered from incurring liability when the contractor’s employee is injured. Enlisting a non-registered contractor transfers the risk to your business.
Bulletin compiled By;
Holderness CA(Z),RPAZ,CAWM
Shaphat Consulting (Private) Limited
Call us on 0718 080 008 or 0713 767 356 or 0775 344 587
Visit us on www.shaphat.com
