• On or before the 10th of the month following that in which the payment was made

  • There is need to notify ZIMRA so that de - registration procedures are duly completed This includes payment of all taxes due and submission of all tax returns. ZIMRA may also undertake a deregistration audit. If the business was fiscalised, ZIMRA will need to deregister the fiscal machines

    The company is only deregistered from the ZIMRA system after confirmation from the Registrar of companies that the company has been struck off the Companies register.

  • Where no issues have been noted after risk profiling in respect of the refund ZIMRA is supposed to make a VAT refund within 30 days from date of submission of the return.

  • You would need to print the error message and visit our E-services desk and get assistance.

    If error message is not available simply, submit the tax returns at the nearest ZIMRA office.

  • The current tax legislation provides for a number of tax concessions, which are meant to provide tax relief to elderly persons. These tax concessions, which are mostly in the form of tax exemptions and credits.

    For the purposes of these concessions, an elderly person is a person aged 55 years or more. These include:

    Income Tax

    •   Exemption from Income Tax of the first $30,000.00 per annum on rental income.
    •   Exemption from Income Tax of the first $30,000.00 per annum on income earned from bankers acceptances. 
    •   Exemption from Income Tax of the first $30,000.00 per annum on income earned from interest on deposits to financial institutions.
    •   Entitled to an elderly persons’ credit of $9,000.00 per annum.
    •   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.

    Capital Gains Tax

    •   The full amount arising from the disposal of a Principal Private Residence (PPR) by persons who are 55 years or above on the date of the sale is exempt from Capital Gains Tax. 
    •   The first $18,000.00 that accrues on the sale of any unlisted marketable security is exempt