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Withholding tax on tenders

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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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