Starshie Consultancy

Strategize.Organize.Strategize. Your Real Business Partner In Growth, we provide world class Business Advisory, Taxation, Secretarial, Accounting and Auditing Services.

Starshie Consultancy's accounting services professionals provide their clients with value added accounting and outsourcing services including tax, advisory, financial and valuation services for your business. Today's business, legislative and regulatory tax environment is becoming increasingly complex, with the demands for transparency on the rise. In addition, the accuracy of income tax accounts

Operating as usual

Starshie Consultancy updated their address. 16/07/2021

Starshie Consultancy updated their address.

Starshie Consultancy updated their address.

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

Starshie Consultancy updated their information in their About section.

Starshie Consultancy updated their information in their About section.

15/07/2021

Remember where you came from, Appreciate where you are, Focus on where you are going. #You can't change your past, but you can change your future! A small step forward is better than staying at the same place.

Your Real Business Partner In Growth, we provide world class customized Business Advisory, Taxation, Secretarial, Accounting and Audit Services.

#BuildyourempirewithStarshieConsultancy.

#Strategize.
#Organize.
#Globalize.

Contact us today: 0775934219/0771711726/0715899680

Remember where you came from, Appreciate where you are, Focus on where you are going. #You can't change your past, but you can change your future! A small step forward is better than staying at the same place.

Your Real Business Partner In Growth, we provide world class customized Business Advisory, Taxation, Secretarial, Accounting and Audit Services.

#BuildyourempirewithStarshieConsultancy.

#Strategize.
#Organize.
#Globalize.

Contact us today: 0775934219/0771711726/0715899680

13/08/2020

There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.
Sam Walton, Founder of Wal-Mart

04/08/2020

Imagine a customer walking up to a supermarket shelf and holding his or her smartphone up against different bags of potato chips. Using image processing, language processing, and analytics, AI-enabled systems can help that customer check which brand is best for their low-sodium diet, or whatever their taste profile might be.

29/07/2020

Focusing solely on what you can potentially do better than any other organization is the only path to greatness.

27/07/2020

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

27/07/2020

Starshie Consultancy

27/07/2020

Don't aim at success. The more you aim at it and make it a target, the more you are going to miss it. For success, like happiness, cannot be pursued; it must ensue, and it only does so as the unintended side effect of one's personal dedication to a cause greater than oneself or as the by-product of one's surrender to a person other than oneself. Happiness must happen, and the same holds for success: you have to let it happen by not caring about it. I want you to listen to what your conscience commands you to do and go on to carry it out to the best of your knowledge. Then you will live to see that in the long-run—in the long-run, I say!—success will follow you precisely because you had forgotten to think about it

[12/30/17]   Returns Computation, Tax Clearance Application, Efilling Registration

Submission Of Income Tax Returns (ITF16) For The Tax Year Ended 31st December 2017

NOTICE TO OUR VALUED CLIENTS

REMINDER

Submission Of Income Tax Returns (ITF16) For The Tax Year Ended 31st December 2017

Please note as an employer you are required to submit income tax returns (Form ITF16) in terms of Paragraph 4 of the Thirteenth Schedule, for the tax year ended 31st December 2017, within thirty days after the year of assessment, i.e. on or before 30 January 2018.

The ITF 16 should include all the employees’ personal details, earnings, benefits, allowances and deductions irregardless of the period of employment. A standard format is available

Please note that penalties in terms of the Revenue Authority (Civil Penalties for Late Submission of Returns), Regulations, SI 97 of 2013 will be levied where the required return remains outstanding after the 30th January 2018, Dear valued customers lets submit this return to avoid unnecessary penalties.

Vat returns computation, paye returns computation and submission , efilling registration.

22/06/2017

Zimbabwe Revenue Authority (ZIMRA)

Electronic Cargo Tracking System Commissioned
The Zimbabwe Revenue Authority (ZIMRA) introduced the Electronic Cargo Tracking System (ECTS), becoming fifth Revenue Administration in Africa to have such an operational Electronic Cargo Tracking and Monitoring System.
The system became effective in January 2017 and was officially commissioned by the Minister of Finance and Economic Development, Honourable Patrick Chinamasa on 15 May 2017.
The robust ECTS system tracks and monitors transit cargo from the point of entry into Zimbabwe to the point of exit using electronic seals that are armed on the cargo. The system covers containerised cargo, break bulk cargo and fuel tankers.
The system was also integrated into ZIMRA’s main ASYCUDA World System for bills of entry processing. Currently, ZIMRA is using 19, geo-fenced transit routes for the convenience of its valued clients, covering all major commercial cargo processing.
The monitoring is real time and the sealed cargo will constantly be under the ECTS control room radar throughout the geo-fenced route. The electronic device sealed to the transiting cargo is linked to the control room and reports any violations or any tampering.
Any violation and tampering alarms are promptly attended by the stand-by ZIMRA Reaction Teams for corrective action, which may involve penalties or seizure of the cargo and/or the truck depending on gravity of the offence.
What Transporters, Clearing Agents & Companies should do?
ZIMRA has several geo-fenced transit routes across the country which transporter or clearing agents can choose. Upon processing of Transit Bill of Entry at the port of entry, they should indicate and choose their route and this information will be immediately linked to the device and the control room. Once a geo-fenced route has been chosen, transporters should follow it until the truck exits the country.
Offences picked by the ECTS system
• Diverting from the chosen geo-fenced route. The offence
attracts some fines payable at the port of exit, which have
to be paid before the offender exits the country
• Tampering with any of the electronic devices. Seal
tampering attracts penalties and fines
• Tampering with the cargo along the route. This is
tantamount to transit fraud and is a prosecutable offence
• Sealed trucks going off route to their garages in areas not
marked as safe parking zones by ZIMRA without prior
arrangements
• Taking too long idle time or parking time along the way will
trigger an alarm for the Reaction Team
Benefits of the ECTS to business and the country
The Electronic Cargo Tracking System is an effective counter-smuggling and transit fraud curbing system which increases revenue to the Treasury. The ECTS system has brought efficient clearance processes at the border posts and decongested the points of entry and exit, thus making Zimbabwe a preferred trade and travel corridor in the region
The system is also a corruption fighting mechanism through embracing modern automation processes, which reduce opportunities for corruption.
The ZIMRA Electronic Cargo Tracking System has dovetailed quite well with the Government of Zimbabwe’s Ease of Doing Business thrust.
Disclaimer
This article was compiled by the Zimbabwe Revenue Authority for information purposes only. ZIMRA shall not accept responsibility for loss or damage arising from use of material in this article and no liability will attach to the Zimbabwe Revenue Authority.
To contact ZIMRA:
WhatsApp line : +263 782 729 862
Visit our website : www. zimra.co.zw
Follow us on Twitter : @Zimra_11
Like us on Facebook : www.facebook.com/ZIMRA.11
Send us an e-mail : [email protected]/[email protected]
Call us (Head Office) : 04 –758891/5; 790813; 790814; 781345; 751624; 752731

The Zimbabwe Revenue Authority is the state's instrument for assessing, collecting and accounting for revenue (OFFICIAL ZIMRA FACEBOOK PAGE)

studio.tailorbrands.com 13/06/2017

Check out my new Logo!

studio.tailorbrands.com Tailor just designed my new Logo, let me know what you think!

shoutout.wix.com 12/06/2017

Team G&M Consulting

The three great essentials to achieve anything worthwhile are, first, hard work; second, stick-to-itiveness; third, common sense.

shoutout.wix.com Today's business, legislative and regulatory tax environment is becoming increasingly complex, with the demands for transparency on the rise. In addition, the accuracy of income tax accounts and disclosures in financial statements remains one of the top areas of material weakness and risk.While faci...

24/05/2017

G&M Consulting

24/05/2017

G&M Consulting's cover photo

08/05/2017

Zimbabwe Revenue Authority (ZIMRA)

04/05/2017

Business Success Secret

Before I go on with this short history, let me make a general observation– the test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to function.
One should, for example, be able to see that things are hopeless and yet be determined to make them otherwise. This philosophy fitted on to my early adult life, when I saw the improbable, the implausible, often the "impossible," come true.

03/05/2017

Don't aim at success. The more you aim at it and make it a target, the more you are going to miss it. For success, like happiness, cannot be pursued; it must ensue, and it only does so as the unintended side effect of one's personal dedication to a cause greater than oneself or as the by-product of one's surrender to a person other than oneself. Happiness must happen, and the same holds for success: you have to let it happen by not caring about it. I want you to listen to what your conscience commands you to do and go on to carry it out to the best of your knowledge. Then you will live to see that in the long-run—in the long-run, I say!—success will follow you precisely because you had forgotten to think about it

[04/21/17]   Tax Concessions, Obligations for SMEs
Small-to-medium enterprises (SMEs) can benefit from a number of tax concessions which are meant to facilitate their growth. One such benefit is the Special Initial Allowance (SIA). SMEs registered for Income Tax purposes with ZIMRA, are eligible for applicable deductions provided for in the Income Tax Act in respect of expenditure related to their business operations. As a special tax incentive, SMEs may be eligible to enjoy 100% Special Initial Allowance on qualifying capital assets. It is allowed over a period of three years,50 % during the first year and 25% in each of the next two years of assessment.
Tax Obligations
The operation of SMEs may give rise to obligations for any, or all of the following taxes: Presumptive Tax, Income Tax, Value Added Tax (VAT), Pay As You Earn (PAYE) and Withholding Tax.
Registration and Payment of Tax
Presumptive Tax
Tax on the earnings of small traders who may not be required to register for Income Tax is based on estimated income and is referred to as Presumptive Tax. Operators liable to this tax are not expected to submit Income Tax returns.
Examples of operators in this category of taxpayers include cross-border traders, furniture making traders, transport operators, small-scale miners, restaurant operators, flea market operators and small miners, among others. These operators are required to pay Presumptive tax each quarter on the 10th of the following months: January, April, July and October. However payment can be done on monthly instalments.
Income Tax
Every business operator who is not eligible to pay Presumptive Tax is required to register for Income Tax purposes with the Zimbabwe Revenue Authority (ZIMRA) and comply with statutory requirements regarding the submission of returns and payment of taxes. A company is required to furnish ZIMRA with its memorandum and articles of association within 30 days of incorporation. In addition, the company is also required to nominate a Public Officer through whom all the correspondence with ZIMRA is channelled. The tax rate on taxable income is currently at 25% plus 3% Aids Levy for companies and individuals in trade.
PAYE
Every person who becomes an employer is required to register for PAYE within 14 days of them becoming an employer. The employer will then be required to withhold Employees’ Tax, including Aids Levy, from any remuneration paid or payable to the employees, subject to observing the tax-free threshold normally prescribed. PAYE is deducted in accordance with the tax tables availed by ZIMRA. The withheld tax should be remitted to ZIMRA on or before the 10th day following the month in which it was withheld.
VAT
Business operators (registered with ZIMRA) whose total annual value of taxable supplies in respect of VAT exceeds US$60,000 are required to register for Value Added Tax. After registration, the operator will then be required to charge VAT on all the taxable supplies. Any operator who is not registered for VAT is not allowed at law to charge VAT. VAT charged should be remitted to ZIMRA on or before the 25th day of the month following the month in which the tax was charged.
Withholding Tax on Contracts
A business operator who is registered with ZIMRA is required to withhold and remit to ZIMRA a 10% Withholding Tax from all amounts payable to persons whom he/she concludes contracts with, unless the payee furnishes the registered operator with a Tax Clearance Certificate. The business operator should issue a certificate confirming amount withheld to the person from whom the tax has been deducted.
Any person who concludes a contract (whether for goods or services) totaling US$1,000 or more per year involving a single transaction or multiple transactions should comply with this legal requirement.
Where an SME who is not registered with ZIMRA or a registered SME who does not hold a valid Tax Clearance Certificate supplies goods or services, the person making payment to the SME is required to withhold 10% and remit the withheld amount to ZIMRA. In addition, the registered supplier should issue the SME from whom the tax has been withheld with a certificate to that effect.
The amount withheld should be remitted to the Commissioner General of ZIMRA on or before the 10th day of the month following that in which the payment was made.
Disclaimer
This article was compiled by the Zimbabwe Revenue Authority for information purposes only. ZIMRA shall not accept responsibility for loss or damage arising from use of material in this article and no liability will attach to the Zimbabwe Revenue Authority.
Please tune in to Zi-FM Stereo every Wednesday from 1930 - 2030 hours for discussions on Customs and Tax matters.
http

[04/21/17]   Tax Concessions, Obligations for SMEs
Small-to-medium enterprises (SMEs) can benefit from a number of tax concessions which are meant to facilitate their growth. One such benefit is the Special Initial Allowance (SIA). SMEs registered for Income Tax purposes with ZIMRA, are eligible for applicable deductions provided for in the Income Tax Act in respect of expenditure related to their business operations. As a special tax incentive, SMEs may be eligible to enjoy 100% Special Initial Allowance on qualifying capital assets. It is allowed over a period of three years,50 % during the first year and 25% in each of the next two years of assessment.
Tax Obligations
The operation of SMEs may give rise to obligations for any, or all of the following taxes: Presumptive Tax, Income Tax, Value Added Tax (VAT), Pay As You Earn (PAYE) and Withholding Tax.
Registration and Payment of Tax
Presumptive Tax
Tax on the earnings of small traders who may not be required to register for Income Tax is based on estimated income and is referred to as Presumptive Tax. Operators liable to this tax are not expected to submit Income Tax returns.
Examples of operators in this category of taxpayers include cross-border traders, furniture making traders, transport operators, small-scale miners, restaurant operators, flea market operators and small miners, among others. These operators are required to pay Presumptive tax each quarter on the 10th of the following months: January, April, July and October. However payment can be done on monthly instalments.
Income Tax
Every business operator who is not eligible to pay Presumptive Tax is required to register for Income Tax purposes with the Zimbabwe Revenue Authority (ZIMRA) and comply with statutory requirements regarding the submission of returns and payment of taxes. A company is required to furnish ZIMRA with its memorandum and articles of association within 30 days of incorporation. In addition, the company is also required to nominate a Public Officer through whom all the correspondence with ZIMRA is channelled. The tax rate on taxable income is currently at 25% plus 3% Aids Levy for companies and individuals in trade.
PAYE
Every person who becomes an employer is required to register for PAYE within 14 days of them becoming an employer. The employer will then be required to withhold Employees’ Tax, including Aids Levy, from any remuneration paid or payable to the employees, subject to observing the tax-free threshold normally prescribed. PAYE is deducted in accordance with the tax tables availed by ZIMRA. The withheld tax should be remitted to ZIMRA on or before the 10th day following the month in which it was withheld.
VAT
Business operators (registered with ZIMRA) whose total annual value of taxable supplies in respect of VAT exceeds US$60,000 are required to register for Value Added Tax. After registration, the operator will then be required to charge VAT on all the taxable supplies. Any operator who is not registered for VAT is not allowed at law to charge VAT. VAT charged should be remitted to ZIMRA on or before the 25th day of the month following the month in which the tax was charged.
Withholding Tax on Contracts
A business operator who is registered with ZIMRA is required to withhold and remit to ZIMRA a 10% Withholding Tax from all amounts payable to persons whom he/she concludes contracts with, unless the payee furnishes the registered operator with a Tax Clearance Certificate. The business operator should issue a certificate confirming amount withheld to the person from whom the tax has been deducted.
Any person who concludes a contract (whether for goods or services) totaling US$1,000 or more per year involving a single transaction or multiple transactions should comply with this legal requirement.
Where an SME who is not registered with ZIMRA or a registered SME who does not hold a valid Tax Clearance Certificate supplies goods or services, the person making payment to the SME is required to withhold 10% and remit the withheld amount to ZIMRA. In addition, the registered supplier should issue the SME from whom the tax has been withheld with a certificate to that effect.
The amount withheld should be remitted to the Commissioner General of ZIMRA on or before the 10th day of the month following that in which the payment was made.
Disclaimer
This article was compiled by the Zimbabwe Revenue Authority for information purposes only. ZIMRA shall not accept responsibility for loss or damage arising from use of material in this article and no liability will attach to the Zimbabwe Revenue Authority.
Please tune in to Zi-FM Stereo every Wednesday from 1930 - 2030 hours for discussions on Customs and Tax matters.
http

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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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