Starshie Consultancy

Strategize.Organize.Strategize. Your Real Business Partner In Grow th, we provide world class Business Adviso ry, Taxation, Secretarial, Accounting and Auditing Servic es.

Starshie Consultancy's accounting services professionals provi de their clients with value added accounti ng and outsourcing services including tax, adviso ry, financial and valuation services for yo ur business. Today's business, legislative and regulato ry tax environment is becoming increasingly compl ex, with the demands for transparency on t he rise. In addition, the accuracy of inco me tax accounts

Operating as usual

Starshie Consultancy updated their information in the ir About section. 16/07/2021

Starshie Consultancy updated their information in the ir About section.

Starshie Consultancy updated their information in the ir About section.

15/07/2021

Remember where you came from, Apprecia te where you are, Focus on whe re you are going. can't chan ge your past, but you can chan ge your future! A small step forwa rd is better than staying at t he same place.

Your Real Business Partn er In Growth, we provide world cla ss customized Business Advisory, Taxation, Secretarial, Accounti ng and Audit Services.

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Contact us today: 0775934219/0771711726/07158996 80

13/08/2020

There is only one boss. T he customer. And he can fire everybo dy in the company from the chairm an on down, simply by spending h is money somewhere else.
Sam Walton, Founder of Wal-Ma rt

Timeline photos 04/08/2020

Imagine a customer walking up to a supermark et shelf and holding his or h er smartphone up against different bags of pota to chips. Using image processing, language processi ng, and analytics, AI-enabled systems can he lp that customer check which brand is be st for their low-sodium diet, or whatev er their taste profile might be.

Timeline photos 29/07/2020

Focusing solely on what you c an potentially do better than any oth er organization is the only path to greatne ss.

Starshie Consultancy updated their website addre ss. 27/07/2020

Starshie Consultancy updated their website addre ss.

Starshie Consultancy updated their website addre ss.

Timeline photos 27/07/2020

Think proactively and dynamically. Be realist ic, but set your sights high

30/12/2017

Returns Computation, Tax Clearance Application, Efilli ng Registration

Submission Of Income Tax Returns (ITF 16) For The Tax Year Ended 31 st December 2017

NOTICE TO OUR VALUED CLIENTS

REMINDER

Submissi on Of Income Tax Returns (ITF16) F or The Tax Year Ended 31st Decemb er 2017

Please note as an employer y ou are required to submit income t ax returns (Form ITF16) in terms of Paragra ph 4 of the Thirteenth Schedule, f or the tax year ended 31st Decemb er 2017, within thirty days after t he year of assessment, i.e. on or befo re 30 January 2018.

The ITF 16 shou ld include all the employees’ personal detai ls, earnings, benefits, allowances and deductions irregardle ss of the period of employment. A standa rd format is available

Please note that penalti es in terms of the Revenue Authori ty (Civil Penalties for Late Submission of Return s), Regulations, SI 97 of 2013 wi ll be levied where the required retu rn remains outstanding after the 30th Janua ry 2018, Dear valued customers lets subm it this return to avoid unnecessary penalties.

V at returns computation, paye returns computation a nd submission , efilling registration.

Check out my new Logo! 13/06/2017

Check out my new Logo!

Check out my new Logo! Tailor just designed my new Lo go, let me know what you thi nk!

Team G&M Consulting 12/06/2017

Team G&M Consulting

The three great essentials to achie ve anything worthwhile are, first, hard wo rk; second, stick-to-itiveness; third, common sense.

Team G&M Consulting Today's business, legislative and regulatory t ax environment is becoming increasingly complex, wi th the demands for transparency on t he rise. In addition, the accuracy of inco me tax accounts and disclosures in financi al statements remains one of the t op areas of material weakness and risk.Whi le faci...

08/05/2017
04/05/2017

Business Success Secret

Before I go on with th is short history, let me make a gener al observation– the test of a first-ra te intelligence is the ability to ho ld two opposed ideas in the mi nd at the same time, and sti ll retain the ability to function.
One shou ld, for example, be able to s ee that things are hopeless and y et be determined to make them otherwi se. This philosophy fitted on to my ear ly adult life, when I saw t he improbable, the implausible, often the "impossibl e," come true.

Starshie Consultancy updated their business hou rs. 03/05/2017

Starshie Consultancy updated their business hou rs.

Starshie Consultancy updated their business hou rs.

21/04/2017

Tax Concessions, Obligations for SMEs
Small-to-medium enterpris es (SMEs) can benefit from a numb er of tax concessions which are mea nt to facilitate their growth. One su ch benefit is the Special Initial Allowan ce (SIA). SMEs registered for Income T ax purposes with ZIMRA, are eligible f or applicable deductions provided for in t he Income Tax Act in respect of expenditu re related to their business operations. As a speci al tax incentive, SMEs may be eligib le to enjoy 100% Special Initial Allowan ce on qualifying capital assets. It is allow ed over a period of three years, 50 % during the first year a nd 25% in each of the ne xt two years of assessment.
Tax Obligations
The operati on of SMEs may give rise to obligatio ns for any, or all of t he following taxes: Presumptive Tax, Income T ax, Value Added Tax (VAT), Pay As Y ou Earn (PAYE) and Withholding Tax.
Registration a nd Payment of Tax
Presumptive Tax
Tax on t he earnings of small traders who m ay not be required to register f or Income Tax is based on estimat ed income and is referred to as Presumpti ve Tax. Operators liable to this t ax are not expected to submit Inco me Tax returns.
Examples of operators in th is category of taxpayers include cross-border trade rs, furniture making traders, transport operators, small-sca le miners, restaurant operators, flea market operato rs and small miners, among others. The se operators are required to pay Presumpti ve tax each quarter on the 10 th of the following months: January, Apr il, July and October. However payment c an be done on monthly instalments.
Income Tax
Eve ry business operator who is not eligib le to pay Presumptive Tax is requir ed to register for Income Tax purpos es with the Zimbabwe Revenue Authority (ZIM RA) and comply with statutory requirements regardi ng the submission of returns and payme nt of taxes. A company is requir ed to furnish ZIMRA with its memorand um and articles of association within 30 da ys of incorporation. In addition, the compa ny is also required to nominate a Publ ic Officer through whom all the corresponden ce with ZIMRA is channelled. The t ax rate on taxable income is current ly at 25% plus 3% Aids Le vy for companies and individuals in trade.
PAYE
Eve ry person who becomes an employer is requir ed to register for PAYE within 14 da ys of them becoming an employer. T he employer will then be required to withho ld Employees’ Tax, including Aids Levy, fr om any remuneration paid or payable to t he employees, subject to observing the tax-fr ee threshold normally prescribed. PAYE is deduct ed in accordance with the tax tabl es availed by ZIMRA. The withheld t ax should be remitted to ZIMRA on or befo re the 10th day following the mon th in which it was withheld.
VAT
Busine ss operators (registered with ZIMRA) whose tot al annual value of taxable supplies in respe ct of VAT exceeds US$60,000 are requir ed to register for Value Added T ax. After registration, the operator will th en be required to charge VAT on a ll the taxable supplies. Any operator w ho is not registered for VAT is n ot allowed at law to charge V AT. VAT charged should be remitted to ZIM RA on or before the 25th d ay of the month following the mon th in which the tax was charged.
Withholdi ng Tax on Contracts
A business operator w ho is registered with ZIMRA is requir ed to withhold and remit to ZIM RA a 10% Withholding Tax from a ll amounts payable to persons whom he/s he concludes contracts with, unless the pay ee furnishes the registered operator with a T ax Clearance Certificate. The business operator shou ld issue a certificate confirming amount withhe ld to the person from whom t he tax has been deducted.
Any person w ho concludes a contract (whether for goo ds or services) totaling US$1,000 or mo re per year involving a single transacti on or multiple transactions should comply wi th this legal requirement.
Where an SME w ho is not registered with ZIMRA or a register ed SME who does not hold a val id Tax Clearance Certificate supplies goods or servic es, the person making payment to t he SME is required to withhold 10% and remit the withheld amount to ZIM RA. In addition, the registered supplier shou ld issue the SME from whom t he tax has been withheld with a certifica te to that effect.
The amount withheld shou ld be remitted to the Commissioner Gener al of ZIMRA on or before t he 10th day of the month followi ng that in which the payment w as made.
Disclaimer
This article was compiled by t he Zimbabwe Revenue Authority for information purpos es only. ZIMRA shall not accept responsibili ty for loss or damage arising fr om use of material in this artic le and no liability will attach to t he Zimbabwe Revenue Authority.
Please tune in to Zi- FM Stereo every Wednesday from 1930 - 2030 hou rs for discussions on Customs and T ax matters.
http

21/04/2017

Tax Concessions, Obligations for SMEs
Small-to-medium enterpris es (SMEs) can benefit from a numb er of tax concessions which are mea nt to facilitate their growth. One su ch benefit is the Special Initial Allowan ce (SIA). SMEs registered for Income T ax purposes with ZIMRA, are eligible f or applicable deductions provided for in t he Income Tax Act in respect of expenditu re related to their business operations. As a speci al tax incentive, SMEs may be eligib le to enjoy 100% Special Initial Allowan ce on qualifying capital assets. It is allow ed over a period of three years, 50 % during the first year a nd 25% in each of the ne xt two years of assessment.
Tax Obligations
The operati on of SMEs may give rise to obligatio ns for any, or all of t he following taxes: Presumptive Tax, Income T ax, Value Added Tax (VAT), Pay As Y ou Earn (PAYE) and Withholding Tax.
Registration a nd Payment of Tax
Presumptive Tax
Tax on t he earnings of small traders who m ay not be required to register f or Income Tax is based on estimat ed income and is referred to as Presumpti ve Tax. Operators liable to this t ax are not expected to submit Inco me Tax returns.
Examples of operators in th is category of taxpayers include cross-border trade rs, furniture making traders, transport operators, small-sca le miners, restaurant operators, flea market operato rs and small miners, among others. The se operators are required to pay Presumpti ve tax each quarter on the 10 th of the following months: January, Apr il, July and October. However payment c an be done on monthly instalments.
Income Tax
Eve ry business operator who is not eligib le to pay Presumptive Tax is requir ed to register for Income Tax purpos es with the Zimbabwe Revenue Authority (ZIM RA) and comply with statutory requirements regardi ng the submission of returns and payme nt of taxes. A company is requir ed to furnish ZIMRA with its memorand um and articles of association within 30 da ys of incorporation. In addition, the compa ny is also required to nominate a Publ ic Officer through whom all the corresponden ce with ZIMRA is channelled. The t ax rate on taxable income is current ly at 25% plus 3% Aids Le vy for companies and individuals in trade.
PAYE
Eve ry person who becomes an employer is requir ed to register for PAYE within 14 da ys of them becoming an employer. T he employer will then be required to withho ld Employees’ Tax, including Aids Levy, fr om any remuneration paid or payable to t he employees, subject to observing the tax-fr ee threshold normally prescribed. PAYE is deduct ed in accordance with the tax tabl es availed by ZIMRA. The withheld t ax should be remitted to ZIMRA on or befo re the 10th day following the mon th in which it was withheld.
VAT
Busine ss operators (registered with ZIMRA) whose tot al annual value of taxable supplies in respe ct of VAT exceeds US$60,000 are requir ed to register for Value Added T ax. After registration, the operator will th en be required to charge VAT on a ll the taxable supplies. Any operator w ho is not registered for VAT is n ot allowed at law to charge V AT. VAT charged should be remitted to ZIM RA on or before the 25th d ay of the month following the mon th in which the tax was charged.
Withholdi ng Tax on Contracts
A business operator w ho is registered with ZIMRA is requir ed to withhold and remit to ZIM RA a 10% Withholding Tax from a ll amounts payable to persons whom he/s he concludes contracts with, unless the pay ee furnishes the registered operator with a T ax Clearance Certificate. The business operator shou ld issue a certificate confirming amount withhe ld to the person from whom t he tax has been deducted.
Any person w ho concludes a contract (whether for goo ds or services) totaling US$1,000 or mo re per year involving a single transacti on or multiple transactions should comply wi th this legal requirement.
Where an SME w ho is not registered with ZIMRA or a register ed SME who does not hold a val id Tax Clearance Certificate supplies goods or servic es, the person making payment to t he SME is required to withhold 10% and remit the withheld amount to ZIM RA. In addition, the registered supplier shou ld issue the SME from whom t he tax has been withheld with a certifica te to that effect.
The amount withheld shou ld be remitted to the Commissioner Gener al of ZIMRA on or before t he 10th day of the month followi ng that in which the payment w as made.
Disclaimer
This article was compiled by t he Zimbabwe Revenue Authority for information purpos es only. ZIMRA shall not accept responsibili ty for loss or damage arising fr om use of material in this artic le and no liability will attach to t he Zimbabwe Revenue Authority.
Please tune in to Zi- FM Stereo every Wednesday from 1930 - 2030 hou rs for discussions on Customs and T ax matters.
http

30/03/2017

The Taxman's corner
Suspension of duty on mot or vehicles imported by physically handicapped persons
In terms of the in terms of Secti on 120 of the Customs and Exci se Act [Chapter 23:02], as read wi th Statutory Instrument 257 of 2003 a nd Statutory Instrument of 101 of 20 11, a physically handicapped person can impo rt one passenger or one light commerci al motor vehicle without payment of t he applicable Customs Duty and Surtax. T he motor vehicle must have been manufactur ed or assembled NOT more than 10 yea rs preceding the date of its importati on and is granted once in a peri od of five years.
What does suspension of du ty mean?
Suspension of duty is the waiv er of Customs Duty and Surtax. Val ue Added Tax (VAT) is payable at a ra te of 15% based on the val ue of the motor vehicle plus freig ht, insurance and any other charges incurr ed before delivery of the vehicle to Zimbabwe.
Requirements
Current letter from a specialist doct or stating the following:
 The nature a nd degree of disability
 Giving indications of t he type of vehicle one could dri ve under the circumstances
 The extent of disabili ty (whether it is temporary or permanent)
An invoice/proforma invoice/document for the recommend ed motor vehicle which should include t he following information:
 Engine number
 Chassis number
Type of transmission
 Year of manufacture
Application letter
 Proof of source of funds
Copy of identification particulars
 Proof of curre nt residence
Which persons qualify for the privilege?
A
physically handicapped person:
• who is bli nd - if the ZIMRA Commissioner Gener al is satisfied that the vehicle is to be us ed for the benefit of that pers on; or
• with a physical disability th at is not temporary - if t he vehicle has automatic transmission and additional ly, or alternatively, special controls that rend er it suitable for use by th at person, and the Commissioner General is satisfi ed that the vehicle is to be us ed by that person; or
• with a ny physical disability that impedes his/her person al mobility and is not temporary, wheth er or not the vehicle is of a descripti on referred to above as long as t he Commissioner General is satisfied that t he vehicle is to be used by th at person.
What type of vehicle qualifies?
Customs Du ty (including Surtax) is wholly suspended on t he following vehicles:
• Passenger type motor vehicl es classified under heading 87.03; or
• Lig ht commercial motor vehicles, classified under a ny of the following tariff codes:
 8704.2130 (a dies el engine vehicle of a payload n ot exceeding 800kgs).
 8704.2140 (a diesel engi ne vehicle of a payload of mo re than 800kgs but not exceeding 1400kgs),
8704.3130 (a petrol engine vehicle of a paylo ad not exceeding 800kgs
 8704.3140 (a petr ol engine vehicle of a payload of mo re than 800kgs but not exceeding 1400kgs)
Plea se note that double cab motor vehicl es are not permissible under this suspensi on of duty.
What is the procedure f or claiming this privilege?
• One should app ly in writing to the ZIMRA Commission er General for a possible grant of a suspensi on of duty for the physically handicapp ed, stating the disability and justifying t he need for that particular vehicle
• Pro-for ma invoices for the vehicle intended f or importation should be attached and su ch invoices should clearly state year of manufactu re, engine and chassis numbers and t he cost of the vehicle
• The doctor `s letter stating the nature and degr ee of disability should be attached
• Applicati on can be posted or submitted to a ny nearest ZIMRA office
• Applicant will th en be invited to an interview at ZIM RA offices to ascertain the correctness of t he application and other submitted documents
• If t he application is approved, the applicant wi ll be issued with a letter granti ng the suspension of Customs Duty a nd Surtax only and such letter shou ld be attached when the vehicle is final ly imported
• If suspension of duty is n ot granted, the applicant should pay du ty and VAT when the vehicle is final ly imported
What are the disposal conditions f or the vehicle?
A motor vehicle on whi ch duty has been suspended shall n ot be disposed of by the import er within five years of its importati on unless if the Commissioner General h as given written permission for its dispos al, and the suspended duty has be en paid.
Disclaimer
This article was compiled by t he Zimbabwe Revenue Authority for information purpos es only. ZIMRA shall not accept responsibili ty for loss or damage arising fr om use of material in this artic le and no liability will attach to t he Zimbabwe Revenue Authority.
Tune in to Rad io Zimbabwe every Wednesday from 1900-2000 hou rs for a discussion on Tax a nd Customs matters.

30/03/2017

The Taxman's corner
Suspension of duty on mot or vehicles imported by physically handicapped persons
In terms of the in terms of Secti on 120 of the Customs and Exci se Act [Chapter 23:02], as read wi th Statutory Instrument 257 of 2003 a nd Statutory Instrument of 101 of 20 11, a physically handicapped person can impo rt one passenger or one light commerci al motor vehicle without payment of t he applicable Customs Duty and Surtax. T he motor vehicle must have been manufactur ed or assembled NOT more than 10 yea rs preceding the date of its importati on and is granted once in a peri od of five years.
What does suspension of du ty mean?
Suspension of duty is the waiv er of Customs Duty and Surtax. Val ue Added Tax (VAT) is payable at a ra te of 15% based on the val ue of the motor vehicle plus freig ht, insurance and any other charges incurr ed before delivery of the vehicle to Zimbabwe.
Requirements
Current letter from a specialist doct or stating the following:
 The nature a nd degree of disability
 Giving indications of t he type of vehicle one could dri ve under the circumstances
 The extent of disabili ty (whether it is temporary or permanent)
An invoice/proforma invoice/document for the recommend ed motor vehicle which should include t he following information:
 Engine number
 Chassis number
Type of transmission
 Year of manufacture
Application letter
 Proof of source of funds
Copy of identification particulars
 Proof of curre nt residence
Which persons qualify for the privilege?
A
physically handicapped person:
• who is bli nd - if the ZIMRA Commissioner Gener al is satisfied that the vehicle is to be us ed for the benefit of that pers on; or
• with a physical disability th at is not temporary - if t he vehicle has automatic transmission and additional ly, or alternatively, special controls that rend er it suitable for use by th at person, and the Commissioner General is satisfi ed that the vehicle is to be us ed by that person; or
• with a ny physical disability that impedes his/her person al mobility and is not temporary, wheth er or not the vehicle is of a descripti on referred to above as long as t he Commissioner General is satisfied that t he vehicle is to be used by th at person.
What type of vehicle qualifies?
Customs Du ty (including Surtax) is wholly suspended on t he following vehicles:
• Passenger type motor vehicl es classified under heading 87.03; or
• Lig ht commercial motor vehicles, classified under a ny of the following tariff codes:
 8704.2130 (a dies el engine vehicle of a payload n ot exceeding 800kgs).
 8704.2140 (a diesel engi ne vehicle of a payload of mo re than 800kgs but not exceeding 1400kgs),
8704.3130 (a petrol engine vehicle of a paylo ad not exceeding 800kgs
 8704.3140 (a petr ol engine vehicle of a payload of mo re than 800kgs but not exceeding 1400kgs)
Plea se note that double cab motor vehicl es are not permissible under this suspensi on of duty.
What is the procedure f or claiming this privilege?
• One should app ly in writing to the ZIMRA Commission er General for a possible grant of a suspensi on of duty for the physically handicapp ed, stating the disability and justifying t he need for that particular vehicle
• Pro-for ma invoices for the vehicle intended f or importation should be attached and su ch invoices should clearly state year of manufactu re, engine and chassis numbers and t he cost of the vehicle
• The doctor `s letter stating the nature and degr ee of disability should be attached
• Applicati on can be posted or submitted to a ny nearest ZIMRA office
• Applicant will th en be invited to an interview at ZIM RA offices to ascertain the correctness of t he application and other submitted documents
• If t he application is approved, the applicant wi ll be issued with a letter granti ng the suspension of Customs Duty a nd Surtax only and such letter shou ld be attached when the vehicle is final ly imported
• If suspension of duty is n ot granted, the applicant should pay du ty and VAT when the vehicle is final ly imported
What are the disposal conditions f or the vehicle?
A motor vehicle on whi ch duty has been suspended shall n ot be disposed of by the import er within five years of its importati on unless if the Commissioner General h as given written permission for its dispos al, and the suspended duty has be en paid.
Disclaimer
This article was compiled by t he Zimbabwe Revenue Authority for information purpos es only. ZIMRA shall not accept responsibili ty for loss or damage arising fr om use of material in this artic le and no liability will attach to t he Zimbabwe Revenue Authority.
Tune in to Rad io Zimbabwe every Wednesday from 1900-2000 hou rs for a discussion on Tax a nd Customs matters.

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Business Success Secret

Address


Masvingo

Opening Hours

Monday 08:00 - 17:00
Tuesday 08:00 - 17:00
Wednesday 08:00 - 17:00
Thursday 08:00 - 17:00
Friday 08:00 - 17:00
Saturday 08:00 - 13:00

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