HomeBusiness DigestZimra amends PAYE details

Zimra amends PAYE details

Godfrey Marawanyika

THE Zimbabwe Revenue Authority (Zimra) has amended the Pay As You Earn (PAYE) forms to capture personal details such as addresses of company directors and bankers.

P>The latest changes could result in Zimra claiming PAYE directly from banks in the case of a company defaulting.

In the past, PAYE forms did not require clients to register personal details such as banking accounts.

PAYE was replaced by the Final Deduction System in 2000.

Zimra spokesperson Priscilla Sadomba had not at the time of going to print responded to questions sent to her office to clarify why their organisation now needs personal details.

According to the new forms, banking details must either be in the name of the legal person or trading name of the firm.

The directors’ details must also be accompanied by copies of either a national identification document, or other official documentation.

The forms also require both the accountant or bookkeepers’ names and addresses.

Zimra has in the past complained that a number of organisations are not paying their dues to the authorities.

The failure to pay dues to Zimra forced the institution to resort to spot inspections on firms.

Over the past two months, Zimra has also invested heavily in high technology equipment to weed out under-invoicing.

The equipment is stationed at the airport and some will be installed at the country’s various border posts.

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