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Options to run payroll 1. Labour Act Chapter 28:01
v You should be fully conversant with the requirements of the
You have three payroll solutions when it comes to running Labour Act.
payroll. v The act covers all aspects of employment from engagement
1. Do payroll by hand. You will have to learn how to do payroll. through to the terms and conditions of employment and then on
to termination of an employee.
This option will be the most time-consuming for you. The IRS v Obtaining a copy of the Act and amendments and being fully
provides tax tables that you can use to calculate federal conversant with the stipulations is essential.
income tax withholding (found in Publication 15).
2. Use a payroll software. Most payroll software is Downlord on http://www.veritaszim.net
inexpensive. Software for payroll automates a lot of your ZIMRA
payroll program, meaning you spend less time doing payroll. The Zimbabwe Revenue Authority, or ZIMRA, is the body responsible for
Payroll business software can calculate wages and taxes, collecting taxes in Zimbabwe. The Zimbabwe Revenue Authority derives its
mandate from the Revenue Authority Act, passed by the parliament of
and some will even turn in the taxes for you. Zimbabwe in 2002 and other related legislation.1. Collect revenue. The
There are numerous parts to consider. Whether you are a following are some of the revenue heads which are administered by ZIMRA:
new or seasoned employer, understanding this aspect of · Customs Duty – levied on imported goods in terms the Customs and Excise Act
your business is important. First, learn about the parts of [Chapter 23:02]
· Value Added Tax (VAT) - levied on consumption of goods and services
payroll. Then, find a way to run payroll that helps you get
· Excise Duty - levied on specified locally manufactured goods
back to running your business. · Income Tax - levied on income earned from trade
Our payroll tax filing services make payroll simple and easy. · Pay As You Earn (PAYE)- levied on income earned from employment
And it’s affordable too! Try it today with a no-obligation free · Presumptive Taxes- it’s a concept of taxation according to which Income Tax
is based on average income instead of actual income
trial.
· Mining Royalties - charged in terms of the Mines and Minerals Act (Chapter 21:05)
· Capital Gains Tax (CGT) – levied on sale of immovable properties and marketable
securities
· Surtax – levied on imported vehicles older than five years
Things that you need to know to successfully work in Belina Payroll Employees Tax - Pay As You
System.
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