📝 Did You Know? The P6 Tax Certificate Explained!
Did you know that issuing Tax Certificates (Form P6) is a mandatory obligation for employers in Zimbabwe? This requirement is enshrined in Paragraph 14 of the Thirteenth Schedule of the Income Tax Act (Chapter 23:06), making it a critical aspect of tax compliance for both employers and employees.
The Form P6 is essentially a detailed summary that verifies the income earned by an employee and the Pay-As-You-Earn (P.A.Y.E.) tax that was deducted and remitted to the Zimbabwe Revenue Authority (ZIMRA).
📋 What Information Does a Form P6 Contain?
The P6 Form serves as a comprehensive record and must contain the following key details:
- Employer Identification:
- Name and Address of Employer
- Business Partner Number
- Administrative Details:
- Tax Year
- Serial Number
- Employee-Specific Details:
- Details of the Employee
- Financial Summary:
- Total Remuneration Earned
- Deductions and Credits
- Amounts of Employees’ Tax Withheld
🧍 Who Qualifies for a Form P6 and When?
All employees whose remuneration was subject to P.A.Y.E. in the previous year are entitled to receive a Form P6 for their records.
