Introduction

This year, similarly to last year, has been quite a tumultuous one in the payroll landscape for quite a few of our clients.  This is largely due to the many complications that a multi-currency economy brings. As Zimbabwean law-makers, governmental officials, and each of us all try to navigate this landscape, we are all constantly learning new things, finding unique problems and new ways to complicate the whole equation.

As ever, we all will be closing off our 2022 payrolls by completing our year-ends in January.  Year-end returns (ITF-16s) are submitted to Zimra on or before the 30th of January each year.

Employers are expected to reconcile their payrolls and ensure the correct tax is collected per employee by end of the year.
At the end of the year, the employer must make final adjustments to Pay As You Earn (P.A.Y.E.) calculations taking into account the total income, deductions, and credits to which the employee is entitled.
In the case of shortfalls, the employer is obliged to make good the shortfalls, remit the tax, and recover the shortfalls from employees on the final payroll.  Where there are refunds employers should also refund the employees on the final payroll for the year.
The employer should then extract the ITF 16 Return and submit to ZIMRA by 30 January 2019.
The following e-mail addresses should be used to submit the ITF16 Returns: