Introduction of Block Management System : What it entails to Taxpayers.

The Zimbabwe Revenue Authority (ZIMRA) hereby notifies all its valued taxpayers that it has implemented a Block Management System (BMS) with effect from 1 January 2023. The BMS involves zoning of taxpayers by geographical location and assigning ZIMRA officials to manage all taxpayers within a given zone/block. The zoning will include Central Business Districts, flea markets, farms, industrial areas as well as informal traders’ and rural business locations.

ZIMRA officers will engage all taxpayers through door-to-door visits checking on all compliance issues including daily sales schedules, (templates will be provided), registration for tax purposes, returns submission, payment of taxes and fiscalisation. BMS strives to increase efficiency to ZIMRA clients by bringing closer some of the services taxpayers require such as:

• • Taxpayer education,
  • Online returns filing,
  • Registration,
  • Audits and
  • Queries handling.

What clients should do?

This excise has been necessitated by increase in non compliance and evasion especially by the informal sector. The advise we, as Lucent would give to our valued clients is to be compliant with Tax laws and regulations. Kindly follow our steps below if your are not registered with ZIMRA.

Unregistered Taxpayers.

The 1st phase for those taxpayers operating without proper documentation, i would advise regularizing your business affairs. In case you need assistance we offer affordable company registration services in Zimbabwe. Our Services include

• • Name search and Company Registration at only USD120.00.
  • Assistance in ZIMRA registration.

After you register with ZIMRA, you will be issued an Business Partner Number. You will need to remit your taxes. The taxes which you are liable to register will include:

• • Pay As You Earn (PAYE) – Employment Income
  • Income Tax (Corporate Tax)
  • Withholding tax
  • Value Added Tax when your taxable supply reach a threshhold of USD40,000.00

Registered Taxpayers who were not being Compliant.

For the taxpayers who were not compliant. I would advise that you seek assistance from professional consultant like us. Our services tailor made to your needs will include.

• • Tax training
  • Tax computations
  • Submitting returns on your behalf
  • Tax advisory and consulting
  • Tax representations
  • Tax healthy checks.
  • Tax Bookkeeping

In the event you know your affairs are not in order, you may need to volunteer disclose to the authority that you were not keeping proper accounting records.