Your Federal Quarterly Tax Payments are due April 15th Get Help Now >>

ZAMBIA REVENUE AUTHORITY by benbenzhou

VIEWS: 95 PAGES: 9

									                                     ZAMBIA REVENUE AUTHORITY
                                              Direct Taxes Division

                                         INCOME TAX RETURN FOR INDIVIDUALS

                                                  Self-Assessment Form


                              1.    INCOME TAX CHARGE YEAR ENDED 31ST MARCH……..…………………………..

         NOTES

            This return with any balance of payment should be submitted to Zambia Revenue Authority NOT
            later than 30th September,………………... If the return is submitted later than this date, you will
            be liable to a penalty under Section 46(4) of the income tax act. Failure to submit or
            submitting a false return is also subject to penalties and/or prosecution.




            2.    TAXPAYER’S ACCOUNT NO:




         TAXPAYER DETAILS (Please notify the Tax Office if there has been any change in details under 5, 6and 7)



            3.   TAXPAYER IDENTIFICATION NUMBER
                 (TPIN)


            4.   NAME OF TAXPAYER


            5.   POSTAL ADDRESS


            6.   PHYSICAL ADDRESS


            7.   RESIDENTIAL ADDRESS


            8.   ACCOUNTING PERIOD



         FOR OFFICIAL USE ONLY




                 9.                 DATE ISSUED                                            DATE RECEIVED




ITF 1A                                            1                                                                V 5.0
               PART 1: Income From Farming (Includes Husbandry, Pastoral, Poultry, Fish Rearing, Agriculture)


         10.   Gross Turnover

         11.   Cost of Goods Sold

         12.   Gross Profit [Line 10 - Line 11]

         13.   Add Exchange Gains

         14.   Less Expenses

         15.           Salaries and Wages

         16.           Repairs

         17.           Interest

         18.           Rent

         19.           Depreciation

         20.           Commissions

         21.           Lease Expenses

         22.           Exchange Losses

         23.           Provision for Bad Debts

         24.           Employee related Provisions

         25.           Other Provisions

         26.           Other expenses

         27.   Net Farming Profit/(Loss) [12+13-15-16-17-18-19-20-21-22-23-24-25-26]

         28.   Add Non-Deductible items (attach schedules)

         29.   Deduct Allowable items (attach schedules)

         30.   Deduct Loss Brought Forward from Previous Year

         31.   Add share of Partnership Profit/(Loss) if in Partnership.

         32.   Total Taxable Income/(Loss) from Farming [27+28-29-30+31]

         33.   Tax on Farming Income

         34.   Less Withholding Tax (Attach Certificates)

         35.   Net Tax Payable /(Repayable) from Farming Income [33-34]




ITF 1A                                            2                                                        V 5.0
         PART 2 - INCOME FROM EMPLOYMENT (ATTACH MARCH PAYSLIP)


                                                                                  TAXABLE PAY   TAX PAID YEAR TO
                                                                                 YEAR TO DATE         DATE


         36.   Gross Pay (Includes Salaries, Wages, Bonuses, Allowances etc).



         37.   Cash Benefits from Employment


         38.   Commissions


         39.   Other Income from employment (Specify)………………………………….


         40.   Deduct Pension contributions to approved schemes.

         41.   Deduct annuity contract contributions

         42.   Deduct subscriptions to professional and technical associations

         43.   Deduct donations to approved charitable organisations

         44.   TOTAL TAXABLE INCOME FROM EMPLOYMENT [36+37+38+39-40-41-42-43]

         45.   Tax on employment income Before Tax Credit


         46.   Less PAYE (Attach pay slip)


         47.   Net Tax from Employment [45-46]




ITF 1A                                          3                                                       V 5.0
               PART 3: Income From Business (Profession, Vocation, Trade, Manufacturing etc)


         48.   Gross Turnover

         49.   Cost of Goods Sold

         50.   Gross Profit [48-49]

         51.   Add Exchange Gains

         52.   Less Expenses

         53.           Salaries and Wages

         54.           Repairs

         55.           Interest

         56.           Rent

         57.           Depreciation

         58.           Commissions

         59.           Lease Expenses

         60.           Exchange Losses

         61.           Provision for Bad Debts

         62.           Employee related Provisions

         63.           Other Provisions

         64.           Other expenses

         65.   Net Profit/(Loss) [50+51-53-54-55-56-57-58-59-60-61-62]

         66.   Add Non-Deductible items (attach schedules)

         67.   Deduct Allowable items (attach schedules)

         68.   Deduct Loss Brought Forward from Previous Year

         69.   Add share of Partnership Profit/(Loss) if in Partnership.

         70.   Total Taxable Income/(Loss) [63+64-65-66+67]

         71.   Tax on Business Income

         72.   Less Withholding Tax (Attach Certificates)

         73.   Net Tax Payable /(Repayable) from Business Income [71-72]




ITF 1A                                            4                                            V 5.0
               PART 4: Income From Letting of Property (Rental Income)


         74.   Gross Rents

         75.   Less Expenses

         76.           Salaries and Wages

         77.           Repairs

         78.           Interest

         79.           Rent

         80.           Depreciation

         81.           Lease Expenses

         82.           Exchange Losses

         83.           Provision for Bad Debts

         84.           Employee related Provisions

         85.           Other Provisions

         86.           Other expenses

         87.   Net Profit/(Loss) [72-74-75-76-77-78-79-80-81-82-83-84]

         88.   Add Non-Deductible items (attach schedules)

         89.   Deduct Allowable items (attach schedules)

         90.   Deduct Loss Brought Forward from Previous Year

         91.   Add share of Partnership Profit/(Loss) if in Partnership.

         92.   Total Taxable Income/(Loss) [85+86-87-88+89]

         93.   Tax on Rental Income

         94.   Less Withholding Tax (Attach Certificates)

         95.   Net Tax Payable /(Repayable) from Rental Income [93-94]




ITF 1A                                           5                         V 5.0
                PART 5: Income From Investments


         96.    Gross Investment Income

         97.    Less Expenses

         98.            Bank Charges

         99.            Other expenses

         100.   Net Investment Income [94-96-97]

         101.   Add Non-Deductible items (attach schedules)

         102.   Deduct Allowable items (attach schedules)

         103.   Deduct Loss Brought Forward from Previous Year

         104.   Add share of Partnership Profit/(Loss) if in Partnership.

         105.   Total Taxable Income/(Loss) [98+99-100-101+102]

         106    Tax on Investment Income

         107    Less Withholding Tax (Attach Certificates)

         108.   Net Tax Payable /(Repayable) from Investment Income [106-107]




ITF 1A                                            6                             V 5.0
                PART 6: Income From Other Sources (Specify) ……………………………………………………………………………

         109.   Gross Turnover As per accounts

         110.   Cost of Goods Sold

         111.   Gross Profit [107-108]

         112.   Add Exchange Gains

         113.   Less Expenses

         114.           Salaries and Wages

         115.           Repairs

         116.           Interest

         117.           Rent

         118.           Depreciation

         119.           Commissions

         120.           Lease Expenses

         121.           Exchange Losses

         122.           Provision for Bad Debts

         123.           Employee related Provisions

         124.           Other Provisions

         125.           Other expenses

         126.   Net Profit/(Loss) [109+110-112-113-114-115-116-117-118-119-120-121-122-123]


         127.   Add Non-Deductible items (attach schedules)

         128.   Deduct Allowable items (attach schedules)

         129.   Deduct Loss Brought Forward from Previous Year

         130.   Add share of Partnership Profit/(Loss) if in Partnership.

         131.   Total Taxable Income/(Loss) [124+125-126-127+128]

         132.   Tax on this Income

         133.   Less Withholding Tax (Attach Certificates)

         134.   Net Tax Payable /(Repayable) from this Income [132-133]




ITF 1A                                            7                                           V 5.0
                   PART 7: Tax Computation

         135.      Total Tax Chargeable [35+47+73+95+108+134]

         136.      Less Tax Credits

         137.      Tax Payable after Tax Credit [135-136]

         138.      Less Provisional Tax Paid During the Year

         139.      Net Tax Payable/(Refundable) [137-138]




         PART 8.
         DETAILS OF EMPLOYMENT INCOME AND DIRECTORS’ FEES/BENEFITS DURING THE CHARGE YEAR




                Name of               TPIN of                  State whether Director or       Gross Emoluments +
                Employer              Employer                 Employee                        Benefits




         PART 9.
         PARTNERSHIP DETAILS (If in any Partnership)



         Name of                 TPIN of                Nature of Income from              Share of Partnership Profit
         Partnership             Partnership            Partnership                        /Loss
                                                        E.g. Trading, Rental etc.




ITF 1A                                              8                                                               V 5.0
         PART 10.
         SALE OF LAND, BUILDINGS AND INVESTMENTS (IF ANY)



         Property/ Investment Description                     Date of              Purchase Price           Date of Sale          Sale Price
                                                              Purchase




         PART 11.
         INTEREST IN OTHER BUSINESSES



                            NAME OF BUSINESS                                                TPIN                    SHARES/INTEREST HELD




         PART 12. DECLARATION *




             I (Full names in Block Letters)
             Mr/Mrs/Miss/Dr/Prof……………………………………………………………………………………………………………………………………………

             Declare that this return contains a full and true statement of the income liable to tax for the year to which this form relates and that
             the information given in this form is true and correct.

             …………………………………………………………….

             Signature of person making the return



             Date……………………………………………………….



             PROPRIETOR/AGENT..…………………………..                                            ……………………………………….

             (Delete whichever is not applicable)


         This return has been completed based on information and details supplied by taxpayer (Attach ITF 56)
         Full Name of Tax Agent………………………………………………………………….……………………………………………………………..

         Signature……………………………………………………………………… Capacity…………………………………………………………………


         * THIS RETURN WILL NOT BE ACCEPTED UNLESS THE DECLARATION IS SIGNED




ITF 1A                                                    9                                                                                    V 5.0

								
To top