8 Megawatt Complex, Bulawayo Rd, Gweru.

SECOND QPD FOR 2022

The second instalment of provisional income tax (QPD) for the year is due on Saturday 25 June 2022. This instalment (payable in the currency of trade) is calculated at twenty five percent of the projected annual income tax on profit from trade and investments.

Projected annual taxable income must be based on year to date profit rather than results for the respective quarter. This ensures that revenue and expenses trends are factored into the annual projection.

It is also advisable to calculate the QPD using the cumulative quarterly rates and deducting the provisional tax already paid. Our accounting system, AccPro Financials automatically calculate the QPDs using the quarterly percentages  set out below.

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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 nine years experience in accounting, tax and management consulting. He is a multi-disciplined practitioner with extensive experience as software applications developer, estate planning consultant, NLP practitioner and life coach. In addition, Richard is a licensed tax agent registered with the Zimbabwe Revenue Authority and a registered tax accountant authorized to practice by the Public Accountants and Auditors Board (PAAB).

He is the developer of .NEXT a technology for breakthrough  business and personal transformation. The technology uncovers, analyzes and resolves the underlying unhelpful subconscious mind programming that stifles business innovation, inhibits personal growth, causes ill-health and unhealthy relationship dynamics.

 

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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 nine years experience in accounting, tax and management consulting. He is a multi-disciplined practitioner with extensive experience as software applications developer, estate planning consultant, NLP practitioner and life coach. In addition, Richard is a licensed tax agent registered with the Zimbabwe Revenue Authority and a registered tax accountant authorized to practice by the Public Accountants and Auditors Board (PAAB).

He is the developer of .NEXT a technology for breakthrough  business and personal transformation. The technology uncovers, analyzes and resolves the underlying unhelpful subconscious mind programming that stifles business innovation, inhibits personal growth, causes ill-health and unhealthy relationship dynamics.

 

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