THE law requires an employer to withhold and remit employees tax (PAYE) in accordance with the tax deduction tables. There exists separate PAYE tax tables for foreign and ZWL$ earnings and the former tables are to be used when earnings are part or wholly in foreign currency. (more…)

THE subject of motoring benefits falls under the ambit of what is commonly named as “fringe benefits”. These are awarded to an employee by the employer to save the employee from taking out of their pocket. (more…)

GOOD corporate governance requires boards of directors to evaluate and improve their performance. After looking into various corporate governance codes and practices worldwide, I've found that they all encourage performance reviews of board directors. (more…)

PROCEEDINGS in the National Assembly pertaining to the debate on the Finance Bill have displayed the House's displeasure at the prescribed rate on the sale of listed marketable securities, which some have termed a punitive measure. (more…)

IN various investment transactions, parties often decide to use companies created for the specific purpose of facilitating implementation of the agreed terms. These companies are referred to as special purpose vehicles (SPVs). (more…)

IT'S only a few short weeks ago that I reported (most favourably) on the VW Taigo R-Line, the top model in a three-car range that’s anchored by the version known as “Life” which in turn is headed by the “Style” and finally, the “R-Line.” (more…)

Psychometric testing is an objective, reliable and valid process of assessing a candidate’s ability to perform in a role. Psychologists often assess aptitude or general mental ability/cognitive ability and personality. Other attributes assessed include emotional intelligence and individual interests. In the workplace, psychometric testing includes the administration of…

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…)

The introduction of gold coins attracted the attention of consumers, business people, and investors. Featuring high in the discussion is whether these can curb inflation that seems to be spiralling out of control or are a form of investment but still some people are not sure what they…

THERE can hardly be a soul around who doesn’t know by now that I simply won’t travel on a dirt road in my own car – six years after it left the showroom, its undersides still gleam – and that I baulk a tad when I’ve been press-ganged…