Concerning VAT and indirect taxes:
A marginal reduction of the VAT standard tax rate from 15% to 14.5%
An increase in the VAT registration threshold (from ZWL60,000 to ZWL1,000,000)
A requirement for foreign radio and television broadcasters and e-commerce service providers rendering services to Zimbabwean residents to account for VAT
VAT on imported services claimable as input tax
The definition of payee under withholding taxes related to section 80 for contracts and tenders to exclude a non-resident person liable to pay the withholding taxes for fees, remittances, royalties and non-resident non-executive director
An increase in the excise tax on cigarettes (effective 1 December 2019)
Concerning customs duty, the value of goods imported expressed in a currency of a given foreign country, will be converted to the Zimbabwean dollar (ZWL) selling rate for that foreign currency
Duty-free importation of LED solar lights and home lighting kits
Source: KPMG
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