[Zimbabwe] PAYE and 2% tax payments due November 10

The Zimbabwe Revenue Authority (ZIMRA) has released a notice to remind businesses in the country that Pay As You Earn (PAYE), Presumptive Tax and the 2% or Intermediate Money Transfer Tax (IMTT) for the month of October are due on November 10, 2021, Techzim reports.

ZIMRA’s statement reads:

The Zimbabwe Revenue Authority (ZIMRA) hereby reminds all its valued clients that the following returns and payments for the month of October 2021 are due on the 10th of November 2021.

Returns Due

a) Employees Tax or Pay As You Earn (PAYE) Remittances – [ P2 Remittance Advice Form]

b) Withholding Taxes / Royalties Returns / Presumptive Tax – [ REV5 Form]

c) Intermediate Money Transfer Tax (IMTT) – [ REV5B Form]

How to submit returns

The following issues are reminded to all taxpayers in this regard:

All PAYE Remittances Advices (P2 forms) should be completed in full and submitted through the ZIMRA e-services Portal.

In the event a taxpayer fails to submit the P2 form on the e-services platform, taxpayers are encouraged and reminded to proceed scanning and emailing the return to the relevant email address from the list below depending on the region the taxpayer is in.

d) All Withholding Taxes / Royalties Returns / Presumptive Tax – [ REV5 Form] and IMTT return (REV 5B form), should be submitted via relevant email addresses as shown below:

Currency of transaction

Taxpayers should ensure that all taxes are remitted on time, in full and in the currency of transaction through banks. The following link provides ZIMRA bankingdetails to make payments: click here

Payment of taxes to ZIMRA

When making payments to ZIMRA, please ensure that the following details are provided and correctly captured so that the payments may be credited to the correct accounts:

* Name of Company

* Business Partner Number (BPN)

* Tax obligation e.g. PAYE, VAT, Withholding Tax etc

Outstanding returns and debts

Taxpayers who are in arrears with regards to their tax obligations are required to settle the outstanding amounts or to engage their nearest ZIMRA Offices to discuss and agree on a way forward. ZIMRA urges its valued taxpayers to file their returns and pay taxes due on time and in full in the currency of trade to avoid follow-ups.

Download public notice for PAYE due November 10 2021

Source: Techzim

(Links via original reporting)

The Zimbabwe Revenue Authority (ZIMRA) has released a notice to remind businesses in the country that Pay As You Earn (PAYE), Presumptive Tax and the 2% or Intermediate Money Transfer Tax (IMTT) for the month of October are due on November 10, 2021, Techzim reports.

ZIMRA’s statement reads:

The Zimbabwe Revenue Authority (ZIMRA) hereby reminds all its valued clients that the following returns and payments for the month of October 2021 are due on the 10th of November 2021.

Returns Due

a) Employees Tax or Pay As You Earn (PAYE) Remittances – [ P2 Remittance Advice Form]

b) Withholding Taxes / Royalties Returns / Presumptive Tax – [ REV5 Form]

c) Intermediate Money Transfer Tax (IMTT) – [ REV5B Form]

How to submit returns

The following issues are reminded to all taxpayers in this regard:

All PAYE Remittances Advices (P2 forms) should be completed in full and submitted through the ZIMRA e-services Portal.

In the event a taxpayer fails to submit the P2 form on the e-services platform, taxpayers are encouraged and reminded to proceed scanning and emailing the return to the relevant email address from the list below depending on the region the taxpayer is in.

d) All Withholding Taxes / Royalties Returns / Presumptive Tax – [ REV5 Form] and IMTT return (REV 5B form), should be submitted via relevant email addresses as shown below:

Currency of transaction

Taxpayers should ensure that all taxes are remitted on time, in full and in the currency of transaction through banks. The following link provides ZIMRA bankingdetails to make payments: click here

Payment of taxes to ZIMRA

When making payments to ZIMRA, please ensure that the following details are provided and correctly captured so that the payments may be credited to the correct accounts:

* Name of Company

* Business Partner Number (BPN)

* Tax obligation e.g. PAYE, VAT, Withholding Tax etc

Outstanding returns and debts

Taxpayers who are in arrears with regards to their tax obligations are required to settle the outstanding amounts or to engage their nearest ZIMRA Offices to discuss and agree on a way forward. ZIMRA urges its valued taxpayers to file their returns and pay taxes due on time and in full in the currency of trade to avoid follow-ups.

Download public notice for PAYE due November 10 2021

Source: Techzim

(Links via original reporting)