NOTICE TO OUR VALUED CLIENTS

SUBMISSION OF INCOME TAX RETURNS FOR THE TAX YEAR ENDED 31ST DECEMBER 2012: INCOME TAX ACT [CHAPTER 23:06]

The Zimbabwe Revenue Authority (ZIMRA) hereby gives notice in terms of the Income Tax Act [Chapter 23:06] to all persons or representative taxpayers who were registered for trade, or who received income, or to whom income accrued from a source within or deemed to be within Zimbabwe, that they are required to submit Income Tax returns for the tax year ended 31st December 2012 as follows:

A. INCOME FROM TRADE (PERSONS NOT ON SELF- ASSESSMENT)

All persons in trade who have not been specified as being on Self-Assessment are required to submit their Income Tax returns [ITF 12 or ITF1A] by 30th September 2013 in terms of Section 37 of the Income Tax Act [Chapter 23:06].

  1. INCOME FROM EMPLOYMENT

Persons in receipt of income from employment who, during the year 2012:

  • Terminated employment; or
  • Changed employers; or
  • Started employment; or
  • Received income from more than one employer; or
  • Received pension

 

should submit returns [ITF1] by 30th September 2013.

For the avoidance of doubt, persons in receipt of income from employment, which has been subjected to employees’ tax (PAYE) and were employed by the same employer throughout the year, are NOT required to furnish Income Tax returns.

 

C. INCOME FROM TRADE (PERSONS ON SELF- ASSESSMENT)

Persons who were specified in terms of Section 37A of the Income Tax Act as being on Self-Assessment are reminded that they are required to have  furnished Self-Assessment returns [ITF 12C] in duplicate not later than 4 months from the end of the tax year, i.e. by 30th April 2013.This includes clients who were registered, or were required to have registered under Category “C” for Value Added Tax (VAT) in terms of the VAT Act [Chapter 23:12] as at 31st December 2012, or are registered under the Banking Act [Chapter 24:20] to conduct banking business or to conduct insurance business under the Insurance Act [Chapter 24:07] respectively.

Please note the following:

  • There will be no extensions to the date given in this notice (that is, 30th September 2013) for the submission of these returns
  • Penalties in terms of the Revenue Authority (Civil Penalties for Late Submission of Returns), Regulations, SI 97 of 2013 will be levied where the return remains outstanding after the 30th September 2013.

 

The Income Tax returns are available on the ZIMRA website (www.zimra.co.zw).

Commissioner General Public Notice No. 11 of 2013

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