978-613-8-83386-4

The effectiveness of the new Value Added Withholding Tax in Zimbabwe

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Summary:

In January 2017 Zimbabwe Revenenue authourity introduced the ⅔ withholding of VAT at source of payment by appointed VAT agents. The new Vat tax regime moved from the traditional VAT collection systems to tax deduction at source. Under the traditional VAT collection system, the registered VAT operator was the one who had the mandate of preparing the VAT schedule and remitting the whole tax amount. The new system however gave the mandate to remit some of the VAT to registered value added withholding tax agents, and that is to be remitted as a withholding tax.

Author:

Nyasha Marere

Biographie:

Nyasha Marere is a young Zimbabwean and a holder of a Bcom Accounting Honours Degree at Midlands State University.He did his one year internship at Zimbabwe Power Company (Munyati Power Station) and is currently working at Pen Commercial College, Kadoma.

Number of Pages:

88

Book language:

English

Published On:

2019-05-15

ISBN:

978-613-8-83386-4

Publishing House:

Scholars' Press

Keywords:

Value Added Withholding Tax

Product category:

LAW / Taxation