Business, Tax & Financial
Tax Planning & Compliance.
Pay the tax you owe — not the tax you overlooked.
Tax planning fails when the structure is too aggressive to survive an audit, or too cautious to be worth having. We build positions that hold up when ZIMRA looks at them, and we recover the allowances and reliefs most businesses leave on the table.
The people half of the practice matters here too. Remuneration and payroll structuring is where tax planning meets workforce cost, and because we run both analyses on the same data, a tax-efficient package is also one the establishment plan can afford.
Sound familiar?
You'll recognise this if
- A ZIMRA query has arrived and nobody is sure the position it questions was ever documented
- QPD estimates are guesswork, and the penalties and interest that follow are not
- Renewing the ITF263 is a scramble every time a tender needs it
- PAYE, VAT and withholding returns go out on time, but nobody has reconciled what they add up to
- You suspect an allowance or relief would cut the bill, but nobody has ever looked properly
01
Tax compliance services
The recurring, obligation-driven services that keep you in good standing with the revenue authority.
Corporate income tax returns (ITF12C)
Preparation, review and submission of annual company income tax returns, including supporting computations and reconciliations.
Provisional tax management (QPDs)
Calculation and scheduling of quarterly payment dates to avoid underpayment penalties and interest.
PAYE administration
Monthly employee tax computations, P2 remittances and annual ITF16 reconciliations aligned to the tax tables.
Value Added Tax (VAT)
VAT registration, monthly or category-based return preparation, input/output reconciliation and management of refunds.
Withholding taxes
Administration of withholding on contracts, non-resident payments, fees, royalties and dividends, including certificate issuance.
Capital gains tax
Computation and filing on the disposal of specified assets and immovable property.
Presumptive and sector-specific taxes
Handling of presumptive tax and other trade-specific levies where applicable.
Statutory contributions (NSSA, NEC, ZIMDEF, Standards Levy)
Registration, monthly returns and remittance reconciliation for social security and industry levies.
Tax clearance (ITF263)
Application, renewal and maintenance of valid tax clearance certificates.
Statutory registrations
New-entity registration with ZIMRA and relevant statutory bodies, including BP number and tax-head activation.
02
Tax planning and advisory services
The strategic services that reduce your overall tax burden lawfully and improve cash flow.
Corporate tax structuring
Advice on entity structure, group arrangements and transaction design to optimise the effective tax rate.
Capital allowances and investment planning
Maximising Special Initial Allowance, wear-and-tear and other allowable deductions on capital expenditure.
Remuneration and payroll structuring
Designing tax-efficient employee benefit and remuneration packages within statutory limits.
Cross-border and transfer pricing advisory
Guidance on transactions with related non-resident parties, treaty relief and transfer pricing documentation.
Cash-flow and transaction tax planning
Managing exposure to transactional taxes (for example, intermediated money transfer tax) and VAT timing.
Deferred tax and effective tax rate analysis
Advisory linking tax positions to financial reporting outcomes under IFRS.
Tax health checks and due diligence
Pre-transaction or periodic reviews identifying exposures, missed deductions and compliance gaps.
Incentive and relief optimisation
Identifying and applying available fiscal incentives, exemptions and special economic zone or sector reliefs.
03
Tax representation and dispute resolution
Acting as your agent before the revenue authority when it matters most.
Registered tax agent representation
Acting as your authorised representative in dealings with ZIMRA.
Audit and verification support
Managing tax audits, responding to queries and preparing supporting documentation.
Objections and appeals
Lodging objections, negotiating assessments and managing the appeal process.
Penalty and interest remission
Preparing applications for waiver or remission of penalties and interest.
Voluntary disclosure and remediation
Regularising historic non-compliance under voluntary disclosure arrangements.
FAQ
Questions we get asked
What does a tax compliance service cover?
Everything that keeps you in good standing with ZIMRA: annual corporate income tax returns (ITF12C), quarterly payment dates, PAYE and its annual reconciliation, VAT, withholding taxes, capital gains tax, statutory contributions such as NSSA and ZIMDEF, and keeping a valid tax clearance (ITF263) in place. The point is that none of it arrives as a surprise.
Can you deal with ZIMRA on our behalf?
Yes. As registered tax agents we act as your authorised representative: managing audits and verification queries, lodging objections, negotiating assessments and applying for remission of penalties and interest. You stay informed; the correspondence stops landing on your desk.
How do you reduce a tax bill lawfully?
Mostly by claiming what the law already allows. Capital allowances such as the Special Initial Allowance, tax-efficient remuneration structuring, fiscal incentives and sector reliefs go unclaimed far more often than aggressive structures go wrong. Where structuring is warranted, we build positions designed to survive an audit, not just to look good in the year they are set up.
What is an ITF263, and why does ours keep lapsing?
The ITF263 is the tax clearance certificate that tenders, banks and larger customers ask for. It lapses when any tax head falls behind, which is why it tends to fail at the worst moment. We keep the underlying obligations current so the certificate renews as routine rather than rescue.
We have fallen behind. Where do we start?
With a tax health check to size the exposure, then a regularisation plan. Zimbabwe’s voluntary disclosure arrangements exist for exactly this situation, and approaching ZIMRA with a documented position is materially cheaper than waiting to be found. We have yet to see a backlog that was improved by leaving it longer.
Who leads this work?
Blessing Zhou CA(SA), a chartered accountant whose background spans taxation, corporate finance and financial planning and analysis, supported by the firm’s registered tax agent capability.
Talk to us about Tax Planning and Compliance.
Send us the question and roughly what data you hold. We will come back with whether it is answerable, how long it would take, and what it would cost.
Call us
+263 78 151 0571Email us
blessing.zhou@mightyexcelpro.co.zwFind us
97 West Road, Avondale West, Harare