IN last week's article I discussed the principle of parate executie and how it functions to the benefit of creditors who have property pledged to them by debtors, which they can sell privately if the debtor defaults on payment. (more…)

THIS week we will be discussing the parate executie (or summary execution) clause in contracts, what it is and whether it is a part of Zimbabwe law. (more…)

I'VE  been so overwhelmed by a never-ending armada of SUVs in recent times that I rejoiced in being allocated a compact hatchback in the delightful form of a range-topping Renault Clio Intens, initially forgetting that not many months had passed by since I spent a week with such…

FOR some, life can be viewed as a race for accumulation. Accumulation of accolades, achievements and wealth. When wealth has been amassed, however, attention naturally turns to how to preserve that wealth, most times for posterity. (more…)

THE International Accounting Standard Board recently issued the International Financial Reporting Standards (IFRS) 17, titled “Accounting for Insurance Contracts”, which the insurance sector must adopt by January 1, 2023 although early adoption is permitted. (more…)

INPUT VAT should be claimed within the tax period by a registered operator who is required to furnish a return, but not longer than 12 months from that date. (more…)

PAY compression is when salary differentials become insignificant to be equitable, leading to complaints from employees. Pay compression is a situation where there are insignificant or no salary differences for individuals in the same grade. (more…)

WITHHOLDING tax on local contracts is not one of the most celebrated measures in the country and that being the case, the law seems to not pay much attention to that either. (more…)

I GUESS I could be accused of being a cynical old goat as I’ve learned in my 47 years of writing about cars to question what is put before me and provide an opinion that is based on extensive driving experience. (more…)

THE enactment of SI 33 and 142 in 2019 provoked a whirlwind of tax controversy in the arena of payment of income tax in foreign currency. This is notwithstanding existing laws providing for payment of income tax in foreign currency on foreign currency trading since 2009. (more…)