1 min readBy Staff Writer
Withholding tax on tenders
By Staff WriterZimbabwe
Simbarashe Hamudi WITHHOLDING Tax can significantly affect the cash flow of suppliers who complete contracts expecting full payment but receive less because they lack the required tax documentation. Under Section 80 of Zimbabwe’s Income Tax Act, qualifying payments are subject to a 30 percent deduction where the supplier fails to furnish a valid tax clearance…
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The post Withholding tax on tenders appeared first on The Financial Gazette.
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About this article
- Length
- 75 words · 1 min read
- Published
- October 20, 2026
- Byline
- Staff Writer
- Source
- Financial Gazette