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Zimbabwe’s VAT reforms introduce mandatory real-time electronic invoicing, integrating with ZIMRA to improve revenue collection, reduce fraud, and enhance audit trails through digital fiscal devices and compliance gateways.
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Benefits include streamlined VAT processes, better taxpayer profiling, faster dispute resolution, and support for cross-border trade under AfCFTA, despite initial setup costs for businesses.
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The phased rollout begins with large taxpayers in 2026, following consultations and pilot tests, with penalties for non-compliance; Zimbabwe aligns with global digital VAT trends for transparency and efficiency.
Source: innovatetax.com