SUBMISSION OF INCOME TAX RETURNS FOR THE TAX YEAR ENDED 31ST DECEMBER 2020
29 March 2021
The Zimbabwe Revenue Authority has issued Public Notice 23 of 2021 calling for the submission of income tax returns for the tax year ended 31st December 2020. The returns concerned are the income tax return for individuals who have income from employment but are not under the Final Deduction System ITF1; income tax for income from Trade and Investment ITF12C; transfer pricing return ITF12C2 for clients with related party transactions and capital gains tax returns CGT1 for persons who disposed of specified assets and marketable securities in 2020. The returns are due by the 30th April 2021 and we urge all our clients to meet the deadline or apply for an extension of time within which to submit the returns to the Commissioner. Dormant companies are also expected to submit income tax returns to the Commissioner General