MORATORIUM ON APPLICATION TO BE REGISTERED FOR VAT EXPIRES ON 30 JUNE 2017

The Zimbabwe Revenue Authority (ZIMRA) hereby reminds all small-to-medium enterprises (SMEs) that are carrying on trade but are not registered for Value Added Tax (VAT) to take advantage of the moratorium, which is applicable on registration.

The moratorium applies to all SMEs whose turnover is between $60,000 and $240,000 per annum, provided they voluntarily apply for registration by 30^th June 2017.

Registration Requirements

a)     Complete application Form (REV 1) and submit the form to the nearest ZIMRA office.  The application form is available from any ZIMRA Office or can be downloaded from the ZIMRA website (www.zimra.co.zw).

b)     Attach sales schedules to the application form, showing proof that one meets the VAT registration threshold of $60,000 per annum.

c)      Attach current stamped bank statement.

d)    Attach a letter appointing a Public Officer, in the case of companies.

Registration can be done online using the ZIMRA e-services platform on http://www.efiling.zimra.co.zw, or manually by submitting the documents listed above to the nearest ZIMRA office.

Benefits of Registering under Moratorium

1)     The effective date of registration is the date on which the application is made. This means that the date of registration will not be backdated.

2)     The principal tax, penalties and interest will be waived for the years prior to registration.

The moratorium for registration is valid from 1^st January 2017 to 30^th June 2017 and failure to register will result in the registration being backdated, which means that penalties and interest being charged.

Please take advantage of the moratorium and register for Value Added Tax by 30^th June 2017!

Public Notice Number 22 of 2017

Paying taxes and customs duties on time and in full builds and dignifies Zimbabwe.