It’s crucial to consult with a local tax professional or check with the Zimbabwe Revenue Authority (ZIMRA) for the most up-to-date information. However, here are some general tax deadlines that business owners in Zimbabwe should be aware of:
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Provisional Tax Payments:
- 1st payment: 30 June
- 2nd payment: 30 September
- 3rd payment: 31 December
- 4th payment: 31 March
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Value Added Tax (VAT):
- VAT returns are typically filed on a monthly or quarterly basis. The deadline for submission is the 25th day of the month following the end of the tax period.
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PAYE (Pay As You Earn):
- Monthly PAYE returns and payments are due by the 10th day of the following month.
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Withholding Tax:
- Withholding tax on services, fees, and royalties is due by the 10th day of the following month.
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Annual Income Tax Returns:
- The deadline for filing annual income tax returns is generally on or before 30 April following the end of the tax year.
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Employee Tax Certificates (ITF 16):
- Employers are required to provide employees with their tax certificates (ITF 16) by 30 April following the end of the tax year.
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Customs and Excise Duties:
- Deadlines for customs and excise duties can vary based on the nature of the goods and transactions. It’s important to be aware of specific deadlines relevant to your business activities.
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Capital Gains Tax:
- The deadline for filing and paying capital gains tax is typically within 30 days of the disposal of the asset.
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Zimbabwe Investment Authority (ZIA) Returns:
- Businesses that are registered with ZIA may have specific reporting requirements. Deadlines for these reports should be checked with ZIA.
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Transfer Pricing Documentation:
- Businesses engaged in related-party transactions may need to submit transfer pricing documentation. The deadline for this submission can vary.
It’s essential for business owners to stay informed about changes in tax laws and regulations, and consulting with a tax professional in Zimbabwe can provide specific guidance tailored to your business. Always verify the deadlines with the relevant authorities, as they may change over time.