Zimra's first quarterly payment date is 25 March 2019
By Staff Writer | 21 Mar 2019 at 09:19hrs
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 31st December 2019. This includes all clients in receipt of, or to whom income accrued from trade or investment.
The First Quarterly Payment Date (QPD) is 25th March 2019. This means that 10% of the annual tax payable for the tax year ending 31st December 2019 is due on or before 25th March 2019.
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.