The Zimbabwe Revenue Authority (ZIMRA) has issued Public Notice 51 of 2026, a Voluntary Disclosure Reminder targeting all taxpayers and individuals renting out or leasing properties. This notice serves as a compliance nudge, urging taxpayers to regularize any undisclosed tax liabilities before enforcement actions escalate. The voluntary disclosure program allows taxpayers to come forward voluntarily, potentially benefiting from reduced penalties and interest. The reminder underscores ZIMRA’s focus on broadening the tax base and capturing rental income, which has historically been underreported. Taxpayers are advised to review their tax affairs and utilize the disclosure window to avoid harsher penalties.
Key Takeaways
- Voluntary Disclosure Window: ZIMRA encourages taxpayers and property lessors to disclose any previously unreported income, offering a pathway to compliance with reduced penalties.
- Rental Income Focus: The notice specifically highlights persons renting out or leasing properties, signaling increased scrutiny on rental income streams.
- Compliance Urgency: Taxpayers should act promptly to assess their exposure and engage with ZIMRA to regularize their tax position before the authority initiates audits.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement