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Visit www.adobe.com to download. 1 Logon to eFiling. If you are not yet an eFiler, register at www.sarsefiling.co.za. ... 2 Activate your TCS service. You only need to activate your Tax Compliance Status once, and it will remain active. ... 3 View your \u201cMy Compliance Profile\u201d ... 4 Request PIN on eFiling.
Notes for completing the Income Tax Self Assessment Return [ITF 12C] These explanatory notes are meant to give guidance to clients on the completion of the Self-Assessment Return (ITF 12C). 1. Completion and submission of return. The return should be completed in full and submitted online through e-services.
An SIA is a capital allowance which ranks as a deduction. It has the effect of reducing the taxable amount and therefore the tax due from a business. This incentive enables the business to retain more of its earnings which can then be re-invested to grow the business.
Zimbabwe regulates the payment of CIT on four dates during the course of the current tax year; these are referred to as Quarterly Payment Dates (QPDs). The first payment of 10% is due by 25 March of the respective tax year. The second payment of 25% is due by 25 June of the respective tax year.
Once completed with all the required attachments, the client is issued with a Business Partner Number (BPN), which acts as the business' identification number and is used for all transactions with ZIMRA, including remittances of tax.
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The ITF16 is the return for employment income which is based on remuneration received and accrued in 2020. Please note that, 2020 year of assessment has two tax periods; January to July and August to December. Separate ITF16 returns must be submitted for the two periods.
How to register for VAT Must be registered with ZIMRA having a BP Number. Fully complete REV 1 FORM (download from www.zimra.co.zw). Sales Schedule from the time of commencement of trade to date of submission of registration form.
Initial allowance is granted in the year the expenditure is incurred and the asset is in use for the purpose of the business. Annual allowance at the prescribed rates calculated on cost is given for every year during which the asset is in use at the end of the basis year for the purposes of the business.
Initial Allowance (IA): First category of allowance claimable in respect of a QCE. It is a one-off grant in the year of assessment in which the QCE is first acquired for production processes. Annual Allowance (AA): This is a relief claimable by a company based on the cost of the asset less IA.
The requirements are as follows: Certified copies of company papers. Certified copies of directors' IDs. Proof of residence for every director (attach affidavit if proof is not in director's name). Directors' email addresses and phone numbers.

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