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Us VAT returns have been merged into one single form to allow its use by all categories of registered operators. The revised VAT form which is obtainable from the ZIMRA Website can now accommodate the following declarations to be made on the same form: a. VAT on Local supplies of goods and services. b. VAT on Imported Services c. VAT Refund claims by diplomats d. Sale in execution of a debt The form should be completed in full and in duplicate where submitted as hard copy, and submitted by 25 of.

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In its 2023 Budget, Zimbabwe has returned its standard VAT rate to 15% to which was originally cut to 14.5% at the start of 2020 due to the need to assist households during the COVID-19 pandemic. At 15%, it remains marginally lower than other local countries which average around 16%.

A VAT Return is a form you fill in to tell HM Revenue and Customs ( HMRC ) how much VAT you've charged and how much you've paid to other businesses. You usually need to send a VAT Return to HMRC every 3 months. This is known as your 'accounting period'.

VAT Due Dates VAT Payments must be deposited in designated banks quarterly in case of Proprietary Firms, LLPs or Partnership Firms and monthly in the case of other type of business entities like Companies. VAT Returns must be filed monthly on the 20th.

Rent/royalties income Rents and royalties are generally treated as normal taxable income and are taxed at the basic CIT rate. Rent arising in respect of land and buildings situated outside of Zimbabwe, however, is exempt from local tax.

The due date for the submission of PAYE returns and payment is the 10th of the following month. PAYE is calculated as follows: Determine gross income for the day/week/month/year. Deduct exempt income, for instance bonus: You get => Income.

Pension received from a pension fund or the Consolidated Revenue Fund is exempt from Income Tax. Where an employer disposes of a motor vehicle to an employee whether on termination of employment or otherwise, the benefit is exempt from tax.

ZIMBABWE REVENUE AUTHORITY. Return for the Remittance of P.A.Y.E.

The tax-free threshold amount for employees bonus and performance awards was increased to ZWL$500,000 with effect from 1 November 2022 from ZWL$100,000. The tax-free threshold for those paid in USD remains at US$700.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232