5 Major Developments in Zimbabwe

5 Major Developments in Zimbabwe

• Adjusted VAT rates take effect
• Zimbabwe Standard VAT Rate Increase Effective 1 January 2023
• Zimra to use geo location in tax collection drive
• Zimbabwe Increases VAT Rate to 15% and Other Tax Measures for 2023
• Zimbabwe Sets Out Transitional Rules Following VAT Rate Hike

Fiscalization

• Basic Country Overview – Zimbabwe

• Adjusted VAT rates take effect

Invoice

• 2023 budget: Rate increase to 15% – Purchases from VAT registered suppliers only deductible for income tax if supported by fiscal tax invoices

Rate

• Zimbabwe Sets Out Transitional Rules Following VAT Rate Hike

• Zimbabwe Increases VAT Rate to 15% and Other Tax Measures for 2023

• Adjusted VAT rates take effect

• Zimbabweans subjected to price increase as new VAT takes effect

• Zimbabwe Hikes VAT from 14.5 To 15 Percent

• Zimbabwe raises VAT to 15% 2023

• 2023 budget: Rate increase to 15% – Purchases from VAT registered suppliers only deductible for income tax if supported by fiscal tax invoices

• Finance and Economic Development Minister proposed to raise VAT from 14.5% to 15% per 1 January 2023

• Telecoms, Mobile and Broadband Sector Report 2022: Heavy Tax Burden Causing Difficulties for Players/Consumers

• Zimbabwe Standard VAT Rate Increase Effective 1 January 2023

Tax authorities / Penalties

• Zimra to use geo location in tax collection drive