Voluntary Compliance on submission of Income Tax and Capital Gains Tax Returns

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

The following are the Income Tax Returns and Capital Gains Tax Returns that should be submitted:

RETURN

NAME OF RETURN

DUE DATE FOR 2018

ITF 1

Return of Income : Individual from Employment

30th April 2018

ITF 12C

Self-Assessment: Individual and Company

30th April 2018

ITF 16

Reconciliation of payroll details (Pay As You Earn)

30th January 2018

CGT 1

Return for Capital Gains Tax

30th April 2018

 

 

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The voluntary disclosure benefits shall be withdrawn where the client fails to honour payment arrangements agreed on with ZIMRA, without seeking for alternative payment arrangements.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

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Call us (Head Office)                  :   04 –758891/5; 790813; 790814; 781345; 751624; 752731

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