Fiscalization in Zimbabwe is hardware-based; fiscal devices are used. But, at the beginning of 2023, some changes were announced in their National Budget plan. This refers to some changes in the fiscalization system (known as Virtual fiscalization) in terms of modernizing this system, introducing some new features, possible software requirements, a new system for controlling income, and similar. The goal of these changes is to eliminate the challenges being experienced by the current system. That is why the Zimbabwe Tax Authority (ZIMRA) has published a public notice about the Fiscalization Data Management System. Importantly, there are still no new laws and regulations, but they are expected to be published soon. But the new system will support software-based fiscalization and real-time communication with the Ta authority, ZIMRA, which represents a major step forward in the fiscalization rules.
Source: fiscal-requirements.com
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