Benefits of having a Tax Clearance Certificate

No 10% Withholding Tax is deducted when payments are made for goods and services supplied.
No Presumptive Tax will be levied on importations.
Tax clearance is required when bidding for tenders.
A Tax Clearance Certificate is a pre-requisite when applying for licences issued by local authorities.
Business counterparts have confidence in doing business with compliant taxpayers.

What is required to obtain a Tax Clearance Certificate?

Client should have registered with ZIMRA in terms of Section 42, of the Income Tax Act.
The client must furnish all statutory returns required to be submitted under all Acts administered by ZIMRA, or making satisfactory arrangements with ZIMRA for the furnishing of such returns.
The client must have paid the taxes due in terms of all the Acts administered by ZIMRA.
Clients with outstanding tax obligations must approach ZIMRA for approved arrangements before making the application.

Who should apply for a Tax Clearance Certificate?

The Public Officer of the company, or an individual duly authorised in writing to represent the following:

· A company

· Trader

· Partnership

· Cooperative

· Individuals