Indirect Tax News - March 2021

VAT - Revenue collection enhancement measures

To safeguard fiscal revenues, Zimbabwe’s revenue collecting body, the Zimbabwe Revenue Authority (ZIMRA), has put in place the following measures:

  • VAT registered taxpayers’ (operators’) systems must now interface with ZIMRA’s server. Operators whose systems do not interface will not be issued a Tax Clearance Certificate;  
  • Non-compliant operators are excluded from participating in the weekly foreign currency auctions;
  • Effective immediately, the ZIMRA is undertaking a comprehensive audit of all VAT registered operators, with a view to account for all sales, with particular emphasis on sales in foreign currency;
  • The ZIMRA will provide the public with a 24-hour Hotline through which people can anonymously report non-compliant operators;
  • To safeguard revenues, especially foreign currency, the ZIMRA will roll out awareness campaigns aimed at educating the transacting public to demand receipts showing the correct currency of trade.

Pauline Mukamba
[email protected]

Maxwell Ngorima
[email protected]