Voluntary compliance on income and capital tax submission

30 Aug, 2018 - 00:08 0 Views

The Herald

All persons who receive income or gains, from a source within Zimbabwe are required to submit Income Tax Returns or Capital Gains Tax Returns.

Any persons that have failed to submit the Income Tax Returns are encouraged to take advantage of the Voluntary Disclosure Program which Zimra is running with, up to December 2018 and be compliant. No penalties shall be charged for late submission of returns under the Voluntary Disclosure Program but interest remains due and payable on the tax that was not paid on time.

Benefits of making  Voluntary Disclosure under Voluntary Disclosure Program

Penalties, civil penalties, fines and additional tax shall be waived in full

Outstanding tax debts are paid on agreed payment terms

Business is free from the burden of non-compliance

Access to tax clearances certificates for compliant taxpayers

Business managers and owners can focus on running their businesses thereby reducing costs of compliance.

Period covered by Voluntary disclosure

Applications for voluntary disclosure shall be made until 31 December 2018.

Assurances to the Applicant

The information for voluntarily disclosed shall not trigger an audit, investigation or prosecution.

Withdrawal of voluntary disclosure

The voluntary disclosure benefits shall be withdrawn where the client fails to honour payment arrangements agreed on with Zimra, without seeking for alternative payment arrangements.

Please Note: Income Tax Returns are submitted on line on http://efiling.zimra.co.zw

For more information, please approach your nearest Zimra office.

Disclaimer

This article was compiled by the Zimbabwe Revenue Authority for information purposes only. Zimra shall not accept responsibility for loss or damage arising from use of material in this article and no liability will attach to the Zimbabwe Revenue Authority.

To contact ZIMRA:WhatsApp line : +263 782 729 862 Visit our website  : www. zimra.co.zwFollow us on Twitter : @Zimra_11Like us on Facebook  :  www.facebook.com/ZIMRA.11Send us an e-mail : [email protected]/[email protected] us (Head Office) : 04 –758891 /5; 790813; 790814; 781345; 751624; 752731e-TIP  : http://ecustoms.zimra.co.zw/etip/

 

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