A syndicate of car importers is prejudicing the country of millions in potential tax revenues through the smuggling of vehicles using various intricate methods, which include registering as returning residents and issuance of Temporary Import Permits.
Returning residents are exempted from paying customs duty on their vehicles on condition they do not resale the car within two years while TIPS allow vehicle access of Zimbabwe's roads for a given period before returning to the home country.
- Business Weekly
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