Zimra Engagement Regarding FDS Forecast in TaRMS and FDS Average in Belina

Dear Client, 

We are currently in discussions with ZIMRA concerning the tax discrepancies resulting from the taxation of irregular earnings, Fortnight and weekly payrolls under the FDS Forecast tax method. Subject to correction of data errors in TaRMS and Belina (incorrect allocation of transaction codes to   TaRMS fields in Belina, data transposition errors in TaRMS), there should be no difference in the annual tax between ZIMRA and Belina when utilizing the FDS Forecast method; the only variances are on the month to month tax calculation.

To minimize the month-on-month tax discrepancies, we have suggested that all clients adopt the FDS Average tax method in Belina. We understand that some clients can no longer modify the tax calculation method in TaRMS. We have formally requested that ZIMRA allows clients to make this change in TaRMS, and we are hopeful that this option will be available in TaRMS soon.

 We have also requested ZIMRA to display the annual tax calculated by employee in TaRMS so that you can cross-check the annual tax calculations in TaRMS with our Belina Tax Display. The annual taxation is consistent; however, without this change in the tax method in TaRMS, you will encounter variances in the month-to-month tax calculation.

Kind regards