What does Zimra mean?

object of praise
zim-ra. Meaning:object of praise. Zimra as a girl’s name is of Hebrew origin. Zimra means “object of praise”.

What are the functions of Zimra?

ZIMRA is tasked to reduce smuggling and illegal trade. The authority regulations on imports, exports and foreign exchange controls. As part of this duty, the agency regulates human travel.

Who is the head of Zimra?

Executive Management

Rameck Masaire Acting Commissioner General
Patrick Mwashita Director : Infrastrucure Development Cynthia T Mugwira Director : Legal Services
Blessing Shumbamhini Director : Internal Audit Joey Shumbamhini Director: Research Strategy and Innovation

How is PAYE Zimra calculated?

PAYE is calculated as follows:

  1. Determine gross income for the day/week/month/year.
  2. Deduct exempt income, for instance bonus as per limit in the Act, you get => Income.
  3. Deduct allowable deductions, e.g. pensions, you get => Taxable Income.
  4. Apply the rate of tax applicable, you get => PAYE due before Aids Levy.

Is Zimra a parastatal?

Zimbabwe Revenue Authority (ZIMRA) is a parastatal under the Ministry of Finance and Economic Development, responsible for collecting taxes and other revenue streams for the government of Zimbabwe.

When was Zimra formed?

The Zimbabwe Revenue Authority (ZIMRA) was established on 19 January 2001 as a successor organisation to the then Department of Taxes and the Department of Customs and Excise following the promulgation of the Revenue Authority Act on February 11, 2000.

What means income tax?

The term income tax refers to a type of tax that governments impose on income generated by businesses and individuals within their jurisdiction. Income taxes are a source of revenue for governments. They are used to fund public services, pay government obligations, and provide goods for citizens.

How do I register with Zimra?

Registration with ZIMRA can be done online and below are the steps to follow for online registration:

  1. Type the address http://efiling.zimra.co.zw on your internet browser. Click Register and complete the details of the company on the form provided.
  2. Type the address http://efiling.zimra.co.zw on the internet browser.

How is duty calculated on cars in Zimbabwe?

Sedan/Station Wagon

  1. Duty: 40% of the VDP.
  2. Surtax: 35% of the VDP (applicable to vehicles older than five years)
  3. VAT: 15% of the VTP.

Is PAYE calculate on gross salary?

When calculating PAYE, start by computing the total annual or gross salary/income inclusive of benefits before any deductions.

How are parastatals financed?

Today parastatals cannot raise meaningful funds on local bond markets, and certainly cannot rely on Treasury finance. Instead they must seek other partnership financing from the private sector.

Who is the director of research at Zimra?

Director: Research Strategy and Modernisation Betty Chimbera Director : Human Resources & Human Capital

What is the role of Zimra in the export sector?

“ZIMRA stands firm in spearheading innovation and coordination and to work with all stakeholders in the export sector. I implore you therefore to work with us in increasing tax and duty compliance. Once we take this burden and carry it together, we can truly succeed.

Who is the Acting Commissioner General of Zimra?

In a move designed to cater for the welfare of its employees, The Zimbabwe Revenue Authority (ZIMRA) launched the… Acting Commissioner General, Mr Rameck Masaire, on his visit to Marondera, Rusape, Mutare and Forbes Border Post on 22…

Why is zimtrade important to the economy of Zimbabwe?

Zimtrade has also successfully driven the Market for Eastern and Southern Africa trade agreements to which Zimbabwe is a signatory and has opened up more markets for locally value-added manufactured products.