Published: 22 September 2017

'The Zimbabwe Revenue Authority (Zimra) says it did not go full throttle on the implementation of the fiscalisation programme when it was introduced seven years ago. '

The programme was meant to minimise revenue leakages in retail sales.

The fiscalisation programme was introduced in 2010 in terms of the Value Added Tax (Fiscalised Recording of Taxable Transactions) Regulations, 2010 under Statutory Instrument 104 of 2010 to ensure that all VAT registered operators acquire, install and connect the fiscal gadgets to the Zimra server to facilitate real-time monitoring of transactions, have indeed boosted the programme.

Zimra chairperson Willia Bonyongwe last week, however, admitted to slack implementation of the programme on the part of the tax collector.

The tax collection body recently moved to expedite the implementation of the programme by increasing the number of approved suppliers. '

Previously Zimra had been sanctioned as the only approved supplier. In terms of the programme all VAT registered operators in Category ‘C' as defined in Section 27 of the Value Added Tax Act [Chapter 23:12] were required to have commenced fiscalised recording of transactions with effect from October 1, 2011.
- the herald

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