BAKER TILLY Central Africa has expressed concerns about delays in the publication of exchange rates to be used for income tax returns preparation, saying this has disrupted the consistency of tax filings.
Taxpayers were initially expected to submit their income tax returns for the year ending December 31, 2023, by this Tuesday.
However, the revenue authority has now extended the deadline to May 31, 2024. “Zimra provides us with rates, which are the ones we are discussing. This year, we have not yet received the rate from Zimra, and we are uncertain if we will receive it,” Baker Tilly’s tax manager, Tapiwa Vela-Moyo, told said.