ZIMBABWE-ZIMRA

Zimbabwe ZIMRA Fiscal Devices + e-invoice 2024+.

Definition

Zimbabwe ZIMRA: VAT 15% standard (unique rate), Income Tax 24.72% companies (24% + 3% AIDS Levy), VAT registration threshold USD 25000 annual turnover. Fiscal Devices system: Statutory Instrument 153/2010 introduced fiscal POS devices obligation B2C retailers, hardware fiscalisation modules certified by ZIMRA, daily/monthly reports submission, recent Fiscalization Phase 2 2024-2025 added real-time API integration ZIMRA (vs batch reports), updates to support B2B electronic invoicing planned. Economic context: Zimbabwe currency volatility ZIG (Zimbabwe Gold) introduced April 2024 replacing ZWL Zimbabwe Dollar, multi-currency tax payments allowed (USD + ZIG + ZAR rand + GBP + EUR).

Origin

Zimbabwe ZIMRA Act 1999 effective 1 September 2001 ; Statutory Instrument 153/2010 Fiscal Devices ; Fiscalization Phase 2 2024-2025.

Example in context

OK Zimbabwe (largest grocery chain) uses fiscal POS devices integrated ZIMRA Fiscalization Phase 2 2024: real-time transactions transmission ZIMRA API per sale, VAT 15% calculated + AIDS Levy 3% on employees income tax, multi-currency tickets USD + ZIG.

Related terms

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