4 Megawatt Complex, Bulawayo Rd, Gweru.

FIRST QPD FOR YEAR 2022

The first  instalment of provisional income tax (QPD) for the year is due on Friday 25 March 2022. This instalment (payable in the currency of trade) is calculated at ten percent of the projected annual income tax on profit from trade and investments.

The rest of the QPD dates and rates for the year are payable as set out below.

QPD DATE PERCENTAGE CUMULATIVE
25 March 10% 10%
25 June 25% 35%
25 September 30% 65%
20 December 35% 100%

Income tax for the year is expected to be fully paid by December. If not, interest is charged on underpaid QPDs at the rate of twenty five percent per month or part thereof.

The return (ITF12B) for provisional income tax payment for the quarter must be submitted to the taxation authority on the said date.

Richard Dimingo
Richard Dimingo
PRACTICE MANAGER NEXT INVESTMENTS

Richard Dimingo is the Practice Manager at Next Investments and has more than twenty five years experience in accounting, tax and management consulting. He is a multi-disciplined practitioner with extensive experience as software developer, NLP practitioner and life coach.  He is the developer of  .NEXT a technology for achieving breakthrough transformation in business, health and personal relationships.

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Richard Dimingo
Richard Dimingo
PRACTICE MANAGER NEXT INVESTMENTS

Richard Dimingo is the Practice Manager at Next Investments and has more than twenty five years experience in accounting, tax and management consulting. He is a multi-disciplined practitioner with extensive experience as software developer, NLP practitioner and life coach.  He is the developer of  .NEXT a technology for achieving breakthrough transformation in business, health and personal relationships.

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