All businesses involved in trade must register with ZIMRA as per Section 25A of the Income Tax Act (Chapter 23:06).
This section defines a registered taxpayer as someone who has registered a company, private business corporation, partnership, trust, NGO, pension fund, or other legal entity.
Upon registration, a taxpayer will receive a Taxpayer Identification Number (TIN).
ASYCUDA TIN Activation for Importers and Exporters
Every importer or exporter of commercial goods, whether an individual or a company, must register with ZIMRA before engaging in commercial importation or exportation activities.
VAT Registration
Starting from 1 January 2024, traders are required to register for VAT if the value of taxable supplies exceeds or is expected to exceed US$25,000 or its equivalent in local currency within a 12-month period.
NSSA Registration
All employers are legally obligated to register with the National Social Security Authority (NSSA).
Registration with NSSA is mandatory for both formal and informal sector employers.
NSSA administers two schemes:
The Workers Compensation & Insurance Fund (WCIF) is entirely funded by employers and provides benefits to employees or their beneficiaries in case of workplace injuries or death.
The National Pension Scheme, funded jointly by employers and employees, offers benefits for retirement, invalidity, or death to employees or their beneficiaries.
PRAZ Registration
The Procurement Regulatory Authority of Zimbabwe (PRAZ) oversees and regulates procurement procedures for government departments, ministries, and parastatals.
To conduct business with the government, an organization must be listed in the government suppliers' database.
Registration with PRAZ automatically includes an organization in the government suppliers' database.
Entities can register for multiple categories based on their capabilities and capacity to deliver.
NEC Registration
The National Employment Council (NEC) represents the interests of employers' and employees' organizations.
Established by the Labour Act Chapter 28:01 Section 56, the NEC's functions include preventing and resolving labor disputes, negotiating industry minimum wages and collective bargaining agreements, among others.
Various NECs exist for different industries like the Commercial Sector, Mining Sector, Catering Industry, etc.
Registration with the relevant NEC for your industry is mandatory for employers in Zimbabwe with at least 10 employees.
NEC registered employers must submit monthly returns and payments, with both employer and employee contributing 0.50% of the salary to the NEC.
ZIMDEF Registration
Zimbabwe Manpower Development Fund (ZIMDEF) is a statutory organization mandated to promote the development of critical and highly skilled human capital in Zimbabwe.
ZIMDEF registration is mandatory in Zimbabwe for manpower development purposes.
ZIMDEF is funded by a monthly 1% training levy tax based on a company's gross payroll, including salaries, allowances, benefits, and bonuses.
Capital Gains Tax Certificate Processing
Obtain a clearance certificate for the sale of immovable property and specified assets.
