Help · Tax and compliance

Withholding tax in SwiftlyBooks

The tax withheld from what you pay suppliers each month, each payment's certificate, and paying it over.

When tax is withheld

In Zimbabwe:30% of each payment, VAT included, is withheld from a supplier without a valid ITF263, once the year's payments to them reach US$1,000.
In Zimbabwe:The supplier's Tax clearance (ITF263) runs to date decides whether theirs is valid.
In Zambia:15% is withheld from a supplier marked Withheld: a resident, and 20% from one marked Withheld: a non-resident.
Paying a bill shows what is withheld before you pay. The supplier is paid the rest.

In Zimbabwe:Press Schedule for TaRMS for the month's schedule.
In Zambia:Press Schedule for TaxOnline for the month's schedule.
In Zimbabwe:Once ZIMRA is paid, by the 10th of the month after, press Record payment to ZIMRA.
In Zambia:Once ZRA is paid, by the 14th of the month after, press Record payment to ZRA.
Choose the wallet it was Paid from, the day, and its Reference, then press Record payment.

They are listed beside the month, in amber, with what they have been paid this year.
Press Ask them for their ITF263 for a request to send each one.

Each payment with tax withheld has a Certificate to send the supplier.
What is withheld is owed in the currency each supply was bought in.
Withholding tax is the whole company's, so it opens only for people who see every branch.

The same help is in the app: press the ? at the top of any page.