Public Notice No 9 of 2012 Remember to pay first installment of Provisional Tax on or before 25th March 2012
The Zimbabwe Revenue Authority (ZIMRA) is reminding all clients, whose taxable income includes amounts which are not subject to Pay As You Earn (PAYE), of the following due dates for the payment of Provisional Tax for the tax year ending 31st December 2012. This includes all clients in receipt of, or to whom income accrued, from trade or investment.
Quarterly Installments
Due Date(on or before)
Installment Due(% of the annual tax payable)
1st
25th March 2012
10%
2nd
25th June 2012
25%
3rd
25th September 2012
30%
4th
20th December 2012
35%
For the purpose of calculating the Provisional Tax for each Quarterly Payment Date (QPD), you are required to estimate the annual tax due and calculate the respective percentage of tax due for the quarter. The annual estimated tax due should be revised to update the estimates every quarter. The remittance form for Provisional Tax payments, Form ITF12B, must also be completed in respect of the payments. Form ITF12B can be downloaded from the ZIMRA website (www.zimra.co.zw) or can be obtained from any ZIMRA office.
Kindly note that if you have received a written notice fixing dates other than the above, you are required to comply with that written notice.ZIMRA urges you to pay your first installment on time to avoid interest that will be levied on late payments at stipulated rates.
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