adminsubmit income tax and capital gains tax returns. Such returns should be submitted within 30 days after the date of the notice or other prescribed time limits.
The following are the broad categories of persons required to comply with this requirement:
1. Persons who have been specified in terms of Section 37A of the Income Tax Act as being on Self-Assessment are required to furnish Self-Assessment returns [ITF 12C] by 30th April 2012 each year. This includes clients who were registered or were required to have registered under Category “C” for Value Added Tax (VAT) in terms of the VAT Act [Chapter 23:12] as at 31st December 2011 and thereafter, or were registered under the Banking Act [Chapter 24:20] or under the Insurance Act [Chapter 24:07].
2. Every person who received non- employment income and not on self-assessment. This includes individuals, companies, partnerships and other persons in business.
3. Every person who received income consisting solely of employment income which exceeds the specified limit applicable for that year, where the employer did not implement the Final Deduction System (FDS). Locally recruited employees of diplomatic missions are also expected to complete returns subject to the observation of the specified income thresholds.
4. Every person whose employer implemented the Final Deduction System as directed by the Commissioner-General who:
l Received non-employment income, e.g. rents business income, etc. (only non-employment income need be reflected.)
l Terminated employment during the year.
l Changed employers during the year.
l Worked full-time for one employer while at the same time working part-time for another employer within the same period.
l Started employment during the year.
l Received pensions during the year.
5. Every representative taxpayer, as defined in Section 53 of the Income Tax Act [Chapter 23:06] of:
(a) A company or trust.
(b) Every person falling within the terms of paragraphs 2 and 3 above who:
l Is permanently or temporarily absent from Zimbabwe;
l Is a minor;
l Is mentally disabled or under legal disability;
l Received income under the decree of any court or judge through a receiver or other persons;
l A person who died during the tax year in question [or who died after the year in question before rendering a return of income for that year]
6. Any other person to whom a return is issued:
l Article submitted by the Zimbabwe Revenue Authority.
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