AUTOMATIC ISSUANCE OF 2022 TAX CLEARANCES

General
Compliant taxpayers will from now on automatically receive their 2022 tax clearance certificate (ITF263) starting from 8 November 2021. This was recently announced by the Zimbabwe Revenue Authority (ZIMRA) through Public Notice Number 111 of 2021. According to the notice, compliant taxpayers will no longer need to apply for their tax clearance certificates. Instead the ITF263 will be emailed to…
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BEHOLD, THE TAXMAN COMETH

Taxation
The Zimbabwe Revenue Authority (ZIMRA) is on a mission to apprehend non compliant  landlords for informal traders presumptive tax. Informal traders were on a tax holiday for some time now and one would be forgiven to assume that they are exempt from any form of taxation. Non compliance by informal traders who rent business premises is largely due to ignorance…
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THIRD QPD FOR YEAR 2021

Taxation
The third installment of provisional income tax (QPD) for the year is due on Saturday 25 September 2021. This installment (payable in the currency of trade) is calculated at thirty percent of the projected annual tax on income from trade and investment. Projected annual taxable income must be based on year to date figures rather than results for the respective…
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UPDATE OF PERMANENT FILE DATA

Accounting, General, Taxation
The Zimbabwe Revenue Authority (ZIMRA) has through Public Notice Number 72 of 2021 advised all operating business taxpayers to update their permanent file information (master data) in terms of the requirements of both the Income Tax Act and Value Added Tax Act. Permanent file information includes but is not limited to the taxpayer’s physical address, email address, telephone numbers, bank…
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