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Tobacco Farmers to pay 10 percent tax

6 years agoSat, 01 Apr 2017 09:23:35 GMT
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Tobacco Farmers to pay 10 percent tax

After the government introduced taxes for most informal traders, it also added a 10 percent tax for tobacco farmers.  The amount will be withheld from all farmers who do not have a tax clearance certificate.

 

Please be advised that in terms of Section 82(2) of the Income Tax chapter 23:06 as quoted below:

Subject to this section, unless a payee furnishes the paying officer with a tax clearance certificate, the paying officer shall withhold 10 percent of each amount payable to the payee under the contract concerned and shall remit each amount withheld to the commissioner on or before the 10th day of the month following that in which the payment was made.

“In this regard, you are requested to comply with the above instruction to withhold 10 percent from each supplier who does not have a valid tax clearance certificate.

 

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