Tax treatment of Covid-19 induced costs

Employers are required to ensure that all their employees are tested for the COVID 19 virus before resuming operations. Private entities are charging a minimum of USD$25 for the tests. According to Statutory Instrument 99 of 2020, these are costs to be borne by the employer. Therefore, over and above monthly salaries and expenses to be incurred by businesses, employers still need to foot this expense if they wish to open during the partial lockdown. These costs are beyond reach of most employer ...

Tax deferments a necessary measure to save businesses

The covid-19 pandemic has caused several disturbances and serious disruption to the business, not mentioning its impact on people’s lives throughout the globe. There are several measures some countries including Zimbabwe have undertaken in order to reduce the impact of the covid-19 on people and businesses. What appears missing for Zimbabwe is the most immediate and critical government intervention measure to address cashflow challenges currently facing most businesses following Covid-19, which ...