Tax Calendar for 2019

THE law requires taxpayers to submit returns and pay tax on specific due dates. It is important to know the due dates for returns and payments to avoid being charged penalties for late submission of returns and interest for late payment of tax.

Provisional Tax for Small or Medium Enterprise

◆ On application by a taxpayer who qualifies as a “small or medium enterprise” such taxpayer to pay provisional tax on a monthly basis i.e. one month at a time in advance.

◆ Income Tax Returns: Taxpayers on Self-Assessment -By 30th April 2019. Income Tax Returns: Taxpayers not on Self-Assessment

The Commissioner shall annually give public notice prescribing the time for furnishing of income tax returns.

◆ Withholding Amounts under Contracts on or before the 10th day of the following month after payment to payee under a contract.

◆ Non-Executive Directors’ Fees

◆ Within 10 days of the date of payment or within such further time as the Commissioner may for good cause allow

Non-Resident Shareholders’ Tax

◆ Within 30 days from the date of payment or crediting for the benefit of the beneficiary whichever occurs first

Resident Shareholders’ Tax

Within 10 days from the date of payment or crediting for the benefit of the beneficiary

Non-Resident Tax on Fees

Within 10 days from the date of payment or crediting for the benefit of the beneficiary

Non-Resident Tax on Remittances

Within 10 days of the date of remittance or within such further time as the Commissioner may for good cause allow.

Resident Tax on Interest

Within 10 days from the date of payment or crediting for the benefit of the beneficiary

Non-Resident Tax on Royalties

Within 10 days from the date of payment or crediting for the benefit of the beneficiary

Automated Financial Transactions Tax

By the 10th day of the month following the month in which the transaction was effected

Demutualisation Levy

Within three (3) months after issuing the Zimbabwean member concerned with the free shares

Tobacco Levy

Within 48 hours from the date of sale of the auction and contract tobacco

Intermediate Money Transfer Tax

By the 10th day of the month following the month in which the transaction was effected

Property or Insurance Commission Tax

By the 10th day of the month following the month of payment

Informal Trader’s Presumptive Tax

Within 30 days from the date the amount is recovered

Mining Royalties

Not later than the 10thday of the month following the month in which the proceeds are received Production returns (Form MM21) By the 10th of the month following the month in which such production and disposal are made. ◆

Stamp Duty

By the 10th day of the following month

Betting Tax

By the 10th day of the following month

Intermediated Money Transfer Tax By the 10th day of the following month

Bookmakers tax

By the last day of the month following the month in which the bookmaker collected those takings.

My Taxes, My Duties: Building my Zimbabwe!!