malvernmugadzikwa
Online Reporter
THE Zimbabwe Revenue Authority (Zimra) has announced new dates for payment of the minerals levy and withholding tax.
In a statement released on Tuesday, Zimra indicated that taxpayers who sell lithium, black granite, quarry stones as well as uncut and cut dimensional stone locally account for and remit the 1 percent levy on the gross value of the sale within Zimbabwe.
“Return for the levy shall be submitted by the fifth day of the month following the month of sale.
The payment for the levy is due by the tenth day of the month following the month of sale,” said the statement.
“The return (Rev 5) for the 5 percent withholding tax on the invoice value charged and collected by manufacturers and wholesalers as provided in Public Notice 11 of 2024 is due for submission on or before the fifth day of the month following the month of sale.
“Remittance of the withholding tax shall be done by the tenth day of the month following the month of sale.”
Online Reporter