- Zimbabwe Revenue Authority is finalizing a modernisation program for VAT-registered operators.
- Operators must ensure fiscal devices transmit buyer profiles to the Fiscalisation Data Management System.
- The Tax and Revenue Management System will automatically use this data for VAT returns.
- Compliance deadline is 31 May 2025.
- Key regulatory milestones include public notices on 23 April and 15 May 2025.
- VAT-registered operators must upgrade fiscal devices by 31 May 2025.
- Buyer profiles must be captured for each B2B transaction.
- Invoices must have a QR code validated by the FDMS portal.
- From 1 June 2025, FDMS and TaRMS will automate VAT return processes.
- Non-compliance may result in invalid invoices and denied VAT deductions.
- ZIMRA aims to reduce errors and prevent understatement through this system.
Source: rtcsuite.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
