Bitform Enterprises PL

26/12/2023

SAGE Evolution 200 gives you an integrated, accurate overview of your business. It's about time you adopt a accessed well integrated with system and will be customised to address your specific business line needs.

We Sell, Implement, Train & Support.


Call/Whatsapp +263 77 992 7155
Tel: 08644 288 987
Email: [email protected]
Office: 12th floor Joina City, J Moyo Ave, Harare Zimbabwe

Setting-up a is the solution to your .

20/12/2023

We understand the business legal framework in Zimbabwe and have developed business networks with the future of your business in mind.

We offer:
Business Advisory & mentorship.
TIN certificate.
Corporate Bank Account Opening Assistance.


Call/Whatsapp: 077 992 7155
https://wa.me/message/S6KMACNWAZCUF1
Tel: 08644 288 987
Office: 12th floor Joina City, J Moyo Ave, Harare.

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{ERP & SOPs}.

18/12/2023

Are We Going To ..?
1. Create New User Account with Zimra TaRMS.
a} Register your Organisation/Company/Individual in TaRMS.
~ after successful Registration a Tax Identification Number (TIN) is generated.
2. Choose a bank to be used as Single Account in TaRMS (tax remittance purposes)

i) _the previous login details are no longer functional._
ii) After filling of tax return online, TaRMS will automatically deduct the payment through your Single Account.
iii) _Tax Clearance certificate for 2024 will be generated through TaRMS starting 1 Jan 2024._

For the sake of business convenience starting 1 Jan 2024, I urge you all to get in touch this week with Consultancy to resolve these Tax compliance issues.

☎️ +263 77 992 7155
📧 [email protected]
🏬 12th floor Joina City, J Moyo Ave, Harare CBD.


As we migrate from ZIMRA escuda(SAP TRM) system which was adopted in 2015, an improvement from manual processing (paper filling) to Online, ZIMRA now upgrades to Tax and Revenue Management System (TaRMS) the goal being to simplify business processes for the convenience of Taxpayers.
~ the new system will automate Domestic Taxes processes


#1 _Online validation_ the system had been integrated with Civil Registry, Deeds & Companies Registry, Banks database system; so it authenticate the input information by itself.
#2 _Taxpayers will be issued Tax Identification Numbers (TIN)_ previously taxpayers used Business Partner (BP) numbers
#3 _One TIN for both US$ & Zwl tax remittance_.
#4 _TaRMS will have automatic account maintenance for the Tax payers ledger._ (intergration of TaRMS with your company Financial System ~ bank, POS)

11/09/2023

Are you stuck with your taxes ? We are a call away.

22/05/2023

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Call: Hre 077 992 7155
Gweru +263 78 717 3921

11/05/2023

"If you don't know your numbers, you don't know your business". Marcus Lemonis.

Pride and politics have no place in how we entrepreneurs make our decisions; we follow the !

for you can count on,

29/04/2023

for !

03/04/2023

Once you Register your Company, you need to file Annual Return on an annual basis whether you have started the business or not, making profit or loss.

Annual Returns signifies that your company is still existing. On submission, a payment is made for corporate affairs commission to maintain your company file on their system.

For more information on Compliance services contact:
Call/Chat ~ +263 77 992 7155
Email ~ [email protected]
Office ~ 12th Floor Joina City, J Moyo
Ave Harare.

18/02/2023

It's about time you switch to a accessed well integrated with system and will be customised to address your specific business line needs.

We Sell, Implement, Train & Support.


Call/Whatsapp 077 992 7155
Tel: 08644 288 987
Email: [email protected]
Office: 12th floor Joina City, J Moyo Ave, Harare Zimbabwe

This is the best solution for growing your business.

06/02/2023

& .

Need help? Contact Bitform Consultancy customer support team on;
Phone : +263 77 992 7155 |
Tel : 08644 288 987


Every private limited company in Zimbabwe must file an annual return at the Companies Registry on an annual basis.

Annual Return provides the Companies Registry with up-to-date information on (a) company’s registered office address, (b)the address at which the register of members is kept, (c)the number of shares in the company, (d) the number of issued shares, (e)directors and secretary(s) in office and auditors.

There are late filing penalties for a annual return, and your company risks to be struck off from the company register if it is not filed.

’s included in our fee?
~ File search and statutory report.
~ Companies registry fee.
~ Preparation and filing of the annual return fee.

/ to request a quote:
+263 77 992 7155
https://chat.whatsapp.com/LOGiIBAjSkG05OcaECSrO3


Before updating your current annual return, your all statutory requirements need to be updated, including;
~ All outstanding annual returns, and
~ Share capital re-denomination.



is an Annual Return?
• An annual return is a Companies Registry filing requirement for all private limited companies. It verifies that all company information is accurate and up to date.

often do I file an annual return?
• An annual return must be filed at the Companies Registry once every 12 months. This service is renewable annually, ensuring you do not miss a filing date in the future.

is the Annual Returns due?
• An annual return is due on the anniversary of the date of incorporation or the date you filed the last annual return.

non filing of annual returns attract penalties?
• Yes, non filing of annual returns attracts a penalty every year you do not file the return.

a company risk being de-registered from the companies register if annual returns are not filed?
• Yes, a company risks being de-registered from the companies register if annual returns are not filed. It is assumed that a company that is not compliant is no longer trading.

long does it take to finish the whole process?
• It usually takes 2-5 working days, depending on how soon we managed to find your Company file.

information is confirmed using an annual return?
An annual return is used to confirm the following information about a company;
~ The registered office address
~ The address at which the register of members is kept
~ The number of shares
~ The number of shares taken up
~ The number of shares of each class fully paid up
~ Names and surnames of the directors auditors and secretaries
information might not be applicable to every company.

a company that is not trading file an annual return?
Yes, every company whether trading or not is liable to file companies annual returns. The only way to avoid paying is by de-registering your company.

information does Bitform Consultancy need to file your annual return?
We would need your:
(a) Company name,
(b) Company number;
so that we can conduct a file search.

LEGAL HELP & ADVICE

GET IN TOUCH
Tel: 08644 288 987
Call/Whatsapp: 077 992 7155
https://chat.whatsapp.com/LOGiIBAjSkG05OcaECSrO3

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12/01/2023

Affordable, Convenient & Reliable professional services.

13/12/2022

#2023 BULLETINGs.

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With effect from 1 Jan 2023, it is proposed to increase the *ZWL Income* Tax threshold to 900 000 p.a (75 000/month).

PAYE threshold in *foreign currency* remains the same at US$1 200 p.a ($100/month).

levy* remains at 3% of the Individual Tax payable.

of Traders as Taxpayers*
The Minister of Finance proposed to introduce a new section to the Income Tax Act which covers registrable taxpayers.

- Who qualifies as *Registrable Taxpayer*
* The Ministry shall priscribe the category (set of minimum requirements) of persons earning income from trade who must register as Registrable Taxpayers.

# Value Added Tax

With effect from 1 Jan 2023, it is proposed to reinstate the rate of Value Added Tax from 14.5% to the previous rate of 15%.

On of -hand .
With effect from 1 Jan 2023, VAT at 15% will be applicable on the supply of motor vehicles sold by persons who are not motor dealers, whether on their own account or on behalf of other persons.

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The Minister of Finance proposed to introduce a Virtual Fiscalisation system.

of & Definition
~ With effect from 1 Jan 2023, it is proposed that the definition of "Stamp" include an electronic stamp & "Stamped" include in the case of an instrument not in material form, endorsed by an electronic stamp in the form approved by the Commissioner.

Money Transfer Tax on Foreign Currency*
With effect from 1 Jan 2023, it is proposed to reduce the IMTT on foreign currency transfers from 4% down to 2%.

Money Transfer Tax.
• Transfers from Designated Special Purpose Accounts created for the delivery of projects by Implementing Partners of organisations covered under the Privileges and Immunities Act were exempted from IMTT from 21 March 2021.

*
The Tax Rate remain the same at:
- Income of Individual from Trade & Investment 24%.
- Income of Company or Trust 24%.
- Dividends from company incorporated outside Zimbabwe 20%.

Tax
The Tax Rate remain the same:
- At 30% on Income payable to non-complient traders.

for Non-compliance

# The Minister proposed a fixed penalty of US$30 or it's equivalent in Zimbabwe dollars & a cumulative penalty over a period not exceeding 90days on of *.

effect from 1 Jan 2023, the Minister proposed to increase on from 25% to 200%.

, it had been proposed that: A Newly Registered Company will be penalised $30 per day if 30 days passed (from the day of incorporation) before it registers for Tax with Zimra.* To be effective from 1 Jan 2023 if approved.

Get your company papers in order in time before exposing it to large sums of penalties with us.

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For detailed information on Compliance & Tax planning services contact:


Call/Chat ~ +263 77 992 7155
Office: 12th Floor Joina City, J Moyo Ave, Harare.