VALUE ADDED TAX

If your income exceeds ZWL$1,000,000 each year, you will also be required to register for VAT. Contact Us for assistance with the application process, for which we will require the following documentation:

  • 12 month Sales Projections
  • Sales records (for a company that has been trading)
  • Copies of Sales Invoices (for a company that has been trading)
  • Stamped copy of bank statement (for a company that has been trading)
  • Justification (for a company that has not been trading, this just serves to justify your registration for VAT. This may be in the form of a sales contract worth more than $1,000,000 or an application letter to this effect)
  • Letter appointing public officer

In addition to the above, your business should have a fixed place of abode where ZIMRA officials can visit to carry out inspections once the application is processed. If everything is in order, the application will be processed within 14 days following which your business will be issued with a VAT Number.

At this stage, you are required to purchase a fiscalisation device, charge VAT for all sales, and remit the tax to ZIMRA along with the corresponding tax return on or before the 25th of each subsequent month. Contact Us for assistance with compliance in this respect and we will help you determine your VAT obligations for each month, keep accurate records of all of your transactions as required by the authorities, send you timely reminders and forward the returns and payments when these fall due, and maintain your account in good order at all times.

FAQ

  1. Is it mandatory to register with ZIMRA?
  2. At what stage should I apply for my Business Partner Number?
  3. How do I get a Business Partner Number?
  4. How do I get a Tax Clearance Certificate?
  5. Do I have to submit tax returns even when I am not trading?
  6. What tax incentives do I qualify for?
  7. Will I be penalised for non-and/or-late-submission of tax returns and payments?
  8. How do I apply for a waiver on duties?
  9. Do I have to pay VAT for imports if I am VAT registered?