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Zimra extends voluntary tax disclosure programme
1 hr ago |
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THE Zimbabwe Revenue Authority (ZIMRA) has extended its Voluntary Disclosure Programme (VDP) to September 30, giving taxpayers more time to correct past tax omissions and regularise their affairs.
The extension was announced through Public Notice 42 of 2026, following the launch of the programme under Public Notice 25 of 2026.
In a statement, ZIMRA said the programme allows taxpayers to review their tax records, make full and truthful disclosures and negotiate payment arrangements for outstanding taxes.
Qualifying taxpayers will have penalties waived in full under the programme, although interest will continue to be charged in accordance with the law.
"The VDP is meant to encourage voluntary compliance and allow taxpayers to regularise their tax affairs without unnecessary disruption to their business operations and personal lives," ZIMRA said.
The tax authority has particularly encouraged individuals, companies, trusts and other organisations earning income from renting or leasing property to take advantage of the extended disclosure period.
The programme covers income generated from a wide range of properties and assets, including houses, flats, condominiums, hostels, cottages, cluster homes, offices, office blocks, farms, plots, motor vehicles, plant and equipment, as well as other goods or property rented or leased for private or commercial purposes.
ZIMRA said the programme applies nationwide, covering both urban and non-urban areas, including towns, cities, municipal areas and growth points.
The extension provides landlords, property lessors and other taxpayers with additional time to voluntarily disclose previously omitted income and bring their tax affairs into compliance.
The extension was announced through Public Notice 42 of 2026, following the launch of the programme under Public Notice 25 of 2026.
In a statement, ZIMRA said the programme allows taxpayers to review their tax records, make full and truthful disclosures and negotiate payment arrangements for outstanding taxes.
Qualifying taxpayers will have penalties waived in full under the programme, although interest will continue to be charged in accordance with the law.
The tax authority has particularly encouraged individuals, companies, trusts and other organisations earning income from renting or leasing property to take advantage of the extended disclosure period.
The programme covers income generated from a wide range of properties and assets, including houses, flats, condominiums, hostels, cottages, cluster homes, offices, office blocks, farms, plots, motor vehicles, plant and equipment, as well as other goods or property rented or leased for private or commercial purposes.
ZIMRA said the programme applies nationwide, covering both urban and non-urban areas, including towns, cities, municipal areas and growth points.
The extension provides landlords, property lessors and other taxpayers with additional time to voluntarily disclose previously omitted income and bring their tax affairs into compliance.
Source - NewZiana
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