PART VI CAPITAL GAINS TAX 22 New section substituted for section 26 of Cap 23:11 With effect from the year of assessment beginning on the 1st January, 2008, section 26 of the Capital Gains Tax Act [Chapter 23:06] is repealed and substituted by— “26 Day and place for payment of tax (1) Tax shall become due and payable— (a) no later than thirty days from the date when a specified asset referred to in section 18(1) or 19(1) accrues to the taxpayer in terms of those provisions; or (b) in any case other than one referred to in paragraph (a), no later than thirty days from the date when title to the specified asset in question is formally transferred to the taxpayer; or (c) no later than the last date specified in terms of section 22C, 22D and 22E, if that date is earlier than the last date referred to in paragraph (a) or (b): Provided that nothing herein contained shall deprive any taxpayer of the right to pay his tax through the post. (2) Tax shall be payable at any branch, division or department of the Zimbabwe Revenue Authority responsible for assessing, collecting and enforcing the payment of taxes under this Act, or through any agent of the Zimbabwe Revenue Authority notified by the Commissioner. (3) If tax is not paid on or before the date specified in terms of subsection (1)(a) or (b), interest, calculated at a rate to be fixed by the Minister by statutory instrument, shall be payable on so much of the tax as from time to time remains unpaid by the taxpayer during the period beginning on the date specified by the Commissioner in the notification as the date on which the tax shall be paid and ending on the date the tax is paid in full: Provided that in special circumstances the Commissioner may extend the time for payment of the tax without charging interest. (4) For the purposes of collecting the tax and any interest payable in terms of subsections (1) and (3) the Commissioner shall have the same powers as are conferred by the Taxes Act for the collection of income tax and the provisions of the Taxes Act shall apply accordingly with any necessary changes.”. 23 Amendment of section 22C of Cap 23:11 With effect from the year of assessment beginning on the 1st January, 2008, section 22C (“Depositaries to withhold tax”)(1) of the Capital Gains Tax Act [Chapter 23:06] is amended by the deletion of “on or before the last day of the month following the month in which the payment was made” and the substitution of “no later than thirty days from the date when the payment was made”.