Change of ve­hi­cle own­er­ship sim­pli­fied

The Manica Post - - Business News -

WHAT is Spe­cial Ex­cise Duty?

Spe­cial Ex­cise Duty is charged in terms of Sec­tion 172 of the Cus­toms and Ex­cise Act (Chap­ter 23:02). It is a tax levied on sale, trans­fer or dis­pos­a­lof se­cond hand ve­hi­cles on change of own­er­ship.

Def­i­ni­tion of a se­cond hand mo­tor ve­hi­cle

A se­cond-hand mo­tor ve­hi­cle is a reg­is­tered mo­tor ve­hi­cle and in­cludes ve­hi­cles re­quired to be reg­is­tered ac­cord­ing to the Ve­hi­cle Reg­is­tra­tion and Li­cens­ing Act, which is sold or dis­posedof to an­other per­son.

At what rate is Spe­cial Ex­cise Duty charged?

The amount to be paid to ZIMRA for Spe­cial Ex­cise Duty on the change of own­er­ship of se­cond-hand mo­tor ve­hi­cles is as per the sched­ule be­low.

Doc­u­ments which are re­quired for the change of own­er­ship for se­cond hand mo­tor ve­hi­cles are as fol­lows:

◆ Orig­i­nal mo­tor ve­hi­cle reg­is­tra­tion book

◆ Cen­tral Ve­hi­cle Reg­istry Form Num­ber 4 which has to be signed and stamped by the Zimbabwe Repub­lic Po­lice’s Ve­hi­cle Theft Squad. The signed Po­lice clear­ance is valid for a pe­riod of 14 days from date of stamp­ing

◆ Cer­ti­fied copies of na­tional reg­is­tra­tion cer­tifi­cates for both buyer and seller

◆ Proof of res­i­dence for buyer and seller in the form of util­ity bill for wa­ter, elec­tric­ity or any other such doc­u­ment

◆ Agree­ment of sale signed by both buyer and seller with the fol­low­ing de­tails;

◆ De­tails of both buyer and seller, that is full names, ad­dresses and na­tional iden­tity num­bers

◆ De­tails of the ve­hi­cle sold, that is make, model, year of man­u­fac­ture, en­gine and chas­sis num­bers

◆ Full sale price - the proof of pay­ment should be in the form of in­voices, re­ceipts and tele­graphic trans­fers

Cases in which Spe­cial Ex­cise

Duty is not payable

The fol­low­ing trans­fers of own­er­ship of se­cond hand mo­tor ve­hi­cles are ex­empt from pay­ing Spe­cial Ex­cise Duty.

◆ Be­tween spouses mar­ried un­der the cus­tom­ary law or Mar­riage Act and be­tween par­ents and chil­dren of such a mar­riage

◆ Com­pa­nies un­der the same con­trol

◆ By way of in­her­i­tance

◆ Sales be­tween or trans­fer to Pri­vate Vol­un­tary Or­ga­ni­za­tions Our clients are re­minded to take ad­van­tage of the TAX AMNESTY that is clos­ing on 30 June 2018.

◆ 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 e-TIP : http://ecus­toms.zimra.co.zw/etip/

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