Contributed by Josephine Tsitsi Matambo, PKF Chartered Accountants (Zimbabwe)
VAT registration threshold – local establishment | USD 25,000, or its ZWL equivalent with effect from 1 January 2024, and its ZiG equivalent with effect from 5 April 2024. ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý Note: On 5 April 2024, Zimbabwe replaced the Zimbabwean dollar (ZWL) with a new local currency, the Zimbabwe Gold (ZiG). All ZWL balances were translated into ZiG as at that date. |
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VAT registration threshold – no local establishment | USD 500,000 for non-resident entities providing broadcasting services in Zimbabwe or providing goods and services in Zimbabwe as an electronic commerce operator. |
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Voluntary VAT registration | A business may apply voluntarily for VAT registration in Zimbabwe if the projected taxable turnover for a 12-month period exceeds the registration threshold. ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý The Zimbabwe Revenue Authority (ZIMRA) will usually request evidence such as customer contracts and current sales invoices to support the forecast value. |
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How to register for VAT | Businesses that are liable for |
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Web page updated on 24 Aug 2024 13:47