Tax Clearances

A tax clearances certificate is an official document that proves that a person or a business has paid all their federal taxes and has no liens. It may be required for grants, contracts, licenses, or business transactions.

• It is a statutory requirement for all traders to have a valid tax clearance and failure to provide a valid tax clearance means 10% Withholding tax has to be withheld on any contract with such a trader in terms of section 80 of the Income Tax Act. This withholding tax of 10% is on each contract and is largely punitive and so it is far better to have your tax affairs in order and pay your corporate taxes rather than paying withholding tax on your contracts.
• A tax clearance is a requirement for the issuance and renewal of any operator’s license in respect of the operation of any public service vehicle [Section 80A (2)]
• A tax clearance is a requirement for the issuance and renewal of a license in respect of any trade or business required to be licensed in terms of the Shop Licences Act [Chapter 14:17]
• A tax clearance is a requirement for the issuance and renewal of a certificate of registration of a mining location under the Mines and Minerals Act [Chapter 21:05] to a miner.
• A tax clearance is a requirement for the issuance and renewal of a license to any person who owns, conducts or operates a designated tourist facility as defined in the Tourism Act [Chapter 14:20] or who provides or assists in providing any service which is such a designated tourist facility.

Vat Registration Requirements

1. Must be registered with ZIMRA having a BP number, for those not have a BP number, we will help you get one
2. Payments for all tax heads must be up to date
3. Fully completed REV 1 FORM (download from www.zimra.co.zw )
4. Sales Invoices from the time of commencement of trade to date showing customers’ names and
5. telephone numbers OR confirmed and signed contracts
6. Sales Projections schedule for the next 12 Months
7. Current Stamped bank Statement
8. Letter appointing public officer
9. Valid lease agreement in the company name (if the property is rented) or title deed (if the property is owned.
10. Sales Schedule from Commencement of trade to date

ZIMRA Registration

All clients, including individuals, companies, partnerships, and cooperatives who want to venture into any business are required to register with ZIMRA within 30 days and comply with all obligations as stipulated in the legislation like submitting timely returns and making timely payments.

Filing Tax Returns

The filing of tax returns is mandatory for all taxpayers and for one to get a tax clearance and comply with the law. Trinity Tax Accountants will assist you in filing your returns in a timely manner and make sure that you are a compliant taxpayer. We will handle your;

.QPDs

.  PAYE returns (P2)

.  VAT returns

.  Income tax Annual Returns (ITF 12C)