The Zimbabwe Revenue Authority (ZIMRA) has officially issued Public Notice 25 of 2026, announcing a Voluntary Disclosure framework for taxpayers. For businesses, sovereign enterprises, and individuals, this is not just an administrative update—it is a critical, time-sensitive opportunity to regularize your tax affairs, clean up historical discrepancies, and structure a compliant foundation for the future without the burden of crippling penalties.

At its core, a Voluntary Disclosure programme is designed to encourage proactive compliance. Taxpayers who voluntarily come forward to declare previously omitted income, under-declared taxes, or unregistered operations are typically granted significant relief. Most notably, this relief often includes a full or partial waiver of the hefty penalties that would otherwise apply during a standard ZIMRA audit, provided the disclosure is full, truthful, and made before the authority independently uncovers the irregularity.

This notice is particularly relevant given the current regulatory climate. With ZIMRA tightening its oversight across all sectors—from corporate refund audits to the mandatory registration of Family Trusts—maintaining a flawless compliance record is no longer optional. Whether you are dealing with unrecorded business revenues, unremitted payroll taxes (PAYE), Value Added Tax (VAT) gaps, or unregistered estate assets, this window allows you to step ahead of the curve and take control of your tax narrative.

However, navigating a Voluntary Disclosure is a delicate process that requires precision. It is not simply about writing a letter to the authority; it involves a comprehensive internal review, recalculation of exact liabilities, and presenting a formalized disclosure package that meets ZIMRA’s strict criteria. Submitting an incomplete or inaccurate disclosure can inadvertently trigger the very audits and penalties you are trying to avoid.

Do not leave your compliance to chance or wait for an audit to force your hand. Capitalizing on Public Notice 25 of 2026 requires immediate, strategic action.

Secure Your Foundation Today
If you suspect gaps in your tax history or need to ensure your enterprise and trusts are fully compliant under the current laws, our advisory team is ready to manage the entire Voluntary Disclosure process on your behalf. Contact Swallowane & Co. Africa today to schedule a confidential review of your tax standing.