- The government has exempted supplies of gold delivered to licensed refineries from VAT, via Statutory Instrument 175 of 2026.
- The VAT exemption is backdated to take effect from January 1, 2026.
- The measure is intended to boost official gold deliveries, reduce smuggling, and make licensed domestic refineries more competitive.
- It is also meant to encourage both large-scale and artisanal miners to sell through formal supply chains and provide tax certainty for 2026 operations.
Source: heraldonline.co.zw
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.
