The Zimbabwe Revenue Authority (ZIMRA) hereby reminds valued 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 31^st December 2018. This includes all clients in receipt of, or to whom income accrued from trade or investment.

The Second Quarterly Payment Date (QPD) is 25^th June 2018. This means that 25% of the annual tax payable for the tax year ending 31^st December 2018 is due on or before 25^th June 2018 as illustrated in the table below:

Quarterly lnstalment	Due Date	Instalment Due (% of the annual tax payable)
1st	25th March, 2018	10%
2nd	25th June, 2018	25%
3rd	25th September, 2018	30%
4th	20th December, 2018	35%

 

 

For the purpose of calculating the Provisional Tax for each QPD, clients 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 ITF 12B - must be completed in respect of each QPD payment.

 

Kindly note that clients who have received a written notice fixing dates other than the above are required to comply with that written notice.

 

 

Please take note of the following:

1. 1. Failure to submit the ITF 12B with estimates entitles the ZIMRA Commissioner General to estimate the taxable income and recover the tax due.
2. 2. Interest will be levied on late payments of tax at stipulated rates.
3. 3. The Income Tax returns for the tax years up to December 2017 that have not yet been submitted are already overdue.

Public Notice No 24 of 2018

Paying taxes and customs duties on time and in full builds and dignifies Zimbabwe!