Fiscalisation: Know your fiscal devices

From Page 12 b) 50% of the purchase price of the device is claimed through capital allowances

c) All approved suppliers import these devices duty free

d) Devices are also not subjected to VAT on importation by approved suppliers

e) Local supply of devices is also zero rated

What are the consequences of not fiscalising on time?

According to Section 10 (1) of SI 104 of 2010 penalties for failure to fiscalise are pegged at $25 per day up to a maximum of 181 days. To avoid these penalties clients need to fiscalise and also notify ZIMRA when they start the process of fiscalising.

Disclaimer This article was compiled by the Zimbabwe Revenue Authority for information purposes only. ZIMRA shall not accept responsibility for loss or damage arising from use of material in this article and no liability will attach to the Zimbabwe Revenue Authority. To contact ZIMRA: WhatsApp line: +263 782 729 862 Visit our website: www. zimra.co.zw Follow us on Twitter: @Zimra_11 Like us on Facebook www.facebook. com/ZIMRA.11 Send us an e-mail: pr@zimra.co.zw/ webmaster@ zimra. co. zw Call us (Head Office): 04 –758891/5; 790813; 790814; 781345; 751624; 752731 fiscal Please note that all ZIMRA services are free of charge!! My taxes, my duties — building my Zimbabwe!!