- Version
- Download 8371
- File Size 1.59 MB
- File Count 1
- Create Date June 22, 2020
- Last Updated June 22, 2020
INCOME TAX ACT
Acts 5/1967, 35/1967, 30/1968, 36/1969 (s. 10), 39/1969, 32/1970, 2/1971, 41/1971, 20/1972, 57/1972(s. 34),
8/1973 (Part II), 21/1973, 23/1974, 32/1975, 38/1976, 16/1977, 27/1977, 12/1978, 23/1978, 35/1978, 22/1979,
1/1980, 11/1980, 10/1981, 15/1981, 29/1981, 55/1981, 30/1982, 32/1983, 7/1984, 24/1984, 19/1985, 12/1986,
20/1986, 17/1987, 30/1987, 4/1988, 8/1988, 16/1988, 22/1989, 10/1990, 19/1990, 21/1991, 17/1992, 12/1993,
19/1994, 4/1995, 17/1995, 23/1995, 4/1996, 10/1996, 13/1996, 17/1997, 23/1997, 29/1998, 9/1999, 14/1999,
17/1999, 21/1999, 22/1999, 6/2000, 18/2000, 22/2001, 27/2001, 15/2002, 10/2003, 16/2004, 18/2004, 29/2004, 2/2005, 8/2005, 6/2006, 12/2006, 8/2007, 16/2007, 3/2009, 5/2009, 10/2009; R.G.N.s 217/1970, 50/1971, 57/1971, 387/1971. SI 136/2007.
ARRANGEMENT OF SECTIONS PART I
PRELIMINARY Section
- Short title.
PART II
ADMINISTRATION
- Delegation of functions by Commissioner.
- [Repealed]
- Preservation of secrecy.
PART III
INCOME TAX
- Levy of income tax.
- Calculation of income tax.
- Interpretation of terms relating to income tax.
- [Repealed]
- Special circumstances in which income is deemed to have accrued.
- Special provisions in connection with income derived from assets in deceased and insolvent estates.
- Circumstances in which amounts are deemed to have accrued from sources within Zimbabwe.
- Commissioner may approve of benefit funds and medical aid societies for the purposes of this Act.
- Deductions allowed in determination of taxable income.
- Cases in which no deduction shall be made.
- Special provisions relating to hire-purchase or other agreements providing for postponement of passing of ownership of property.
- Special provisions relating to credit sales.
- Special provisions relating to persons carrying on business which extends beyond Zimbabwe.
- Special provisions relating to insurance business.
- Special provisions relating to petroleum operations.
- Special provisions relating to special mining lease operations.
- Special provisions relating to determination of taxable income of persons buying and selling any property at a price in excess of or less than the fair market price and of non-resident persons exporting products of Zimbabwe without prior sale.
- Special provisions relating to determination of taxable income in accordance with double taxation agreements.
- Deduction of tax from dividends.
PART IV
TAXES ONSHAREHOLDERS, INTEREST, FEES, REMITTANCES ANDROYALTIES
- Non-resident shareholders’ tax.
- [Repealed]
- Resident shareholders’ tax.
- [Repealed]
- Non-residents’ tax on fees.
- Non-residents’ tax on remittances.
- Non-residents’ tax on royalties.
- Additional profits tax in respect of special mining lease areas.
- Residents’ tax on interest.
- Exemption of petroleum operators and affiliates from certain taxes.
- Exemption of holders of special mining leases from certain taxes.
36A. Tobacco levy.
36B. Automated financial transactions tax.
36C. Presumptive tax.
36D. Demutualisation levy. 36E. Carbon tax.
36F. [Repealed]
36G. Intermediated money transfer tax.
36H. NOCZIM debt redemption levy.
36I. Property or insurance commission tax.
36J. Tax on non-executive directors’ fees.
PART V
RETURNS AND ASSESSMENTS
37A. Self assessment.
37B. Duty to keep records.
- Notice by Commissioner requiring returns for assessment under this Act and manner of furnishing returns and interim returns.
- Income of minor children.
- Duty to furnish further returns and information.
- Commissioner to have access to all public records.
- Returns as to shareholdings.
- Duties of companies to furnish returns and copy of memorandum and articles of association.
- Duty of person submitting accounts in support of return or preparing accounts for other persons.
- Production of documents and evidence on oath.
- Estimated assessments.
- Additional tax in event of default or omission.
- Additional assessments.
- Reduced assessments and refunds.
- Amended assessments of loss.
- Adjustment of tax, etc., payable in pursuance of assessments made before date of commencement of charging Act relating to a year or period of assessment.
- Assessments and recording thereof.
- Copies of assessments.
PART VI
REPRESENTATIVE TAXPAYERS
- Representative taxpayers.
- Liability of representative taxpayer.
- Right of representative taxpayer to indemnity.
- Personal liability of representative taxpayer.
- Company or society regarded as agent for absent shareholder or member.
- Power to appoint agent.
- Remedies of Commissioner against agent and trustee.
- Power to require information.
- Public officer of companies.
PART VII
OBJECTIONS AND APPEALS
- Time and manner of lodging objections.
- Burden of proof as to exemptions, deductions or abatements.
- Special Court for Income Tax Appeals and proceedings on appeal.
- Appeals from decision of Commissioner to High Court or Special Court.
- Appeals from determination of High Court or Special Court to Supreme Court.
- Decisions not subject to objection or appeal.
- Payment of tax pending decision on objection and appeal.
- Judge and assessors not disqualified from adjudicating or advising. PART VIII
PAYMENT AND RECOVERY OF TAX
- Appointment of day and place for payment of tax.
- Payment of provisional tax.
- Payment of employees’ tax.
File | Action |
---|---|
2306updated.pdf | Download |
Is travelling and subsistence allowance exempt from tax?
ok thank you