A business can appear financially sound while carrying unresolved tax risks beneath the surface. Sales may be growing, salaries paid and accounts prepared, yet returns, supporting documents and tax payments may not tell the same story.

Did you know that transfer of assets, services or goods on an intra-group level can have tax implications? Some businesses are found trapped and face challenges on how to respond to this issue. Henceforth, this article is centred on Transfer Pricing in Zimbabwe which was introduced in 2016 and further updated in 2019.

From annual periods beginning on or after 1 January 2027, IFRS 18 brings the ‘adjusted’ numbers companies quote outside their financial statements into the audited notes. If a measure is an MPM, it must be described, explained and reconciled in a single note - including the tax and non-controlling interest effect of every adjustment.