Do you know that the standard VAT rate in Zimbabwe is 15 percent? Many businesses collect this tax on behalf of the government, but not everyone understands how it works. VAT is added to most goods and services, and every business that is registered for VAT must charge it, collect it, and submit it to ZIMRA. But there is more. To make sure your business is fully compliant, fiscalization is required. This means using a fiscal device that records sales and helps you report VAT correctly. Understan
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Do you know that the standard VAT rate in Zimbabwe is 15 percent? M…
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Virtual tour of the ZIMRA stand at ZITF 2025! Discover our innovative tax systems and how we're making tax compliance easier for everyone. Don't miss out—visit us in person for exclusive insights and expert advice. #ZIMRA #ZITF2025 #TaxInnovation | Zimbabwe Revenue Authority - ZIMRA
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Tax disputes and heavy taxation are straining businesses. 📈 Zimra demands approximately US$73 million from Delta Corporation for VAT and income tax, plus penalties and interest, covering 2019-2022; Delta contests this and has paid US$9,2 million under the "pay now, argue later" rule. 📈 Zimra imposed a US$2.05 million civil penalty on OK Zimbabwe for Fiscal Data Management System non-compliance across 914 tills over a 90-day period from January 23, 2024. 🚨OK Zimbabwe, already in financial dist
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Most people pay Value Added Tax (VAT) every day without even realizing it. In Zimbabwe, VAT is a 15% tax charged on most goods and services, and it's already included in the price you pay at the till. For businesses, VAT is not just a cost; it is a legal responsibility. If your business is VAT-registered, you are required to collect VAT from your customers, submit returns to ZIMRA, and pay what you owe on time. Failure to comply can lead to penalties, interest charges, or even closure of your bu
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Meanwhile Zimbabwe Revenue Authority - ZIMRA is on an abti-smugling campaign, here is a relief to those in the Construction or Energy Sector. Deferment of VAT dues to as high as 180days. Make use if this window. | Insights by Tinashe Manzungu
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