Re­lief for car im­porters

The Sunday Mail (Zimbabwe) - - NEWS - Char­ity Musareva

THE Zim­babwe Rev­enue au­thor­ity has thrown a life­line to pri­vate mo­tor ve­hi­cle buy­ers who paid for car im­ports on or be­fore No­vem­ber 22, 2018, ex­empt­ing them from manda­tory duty in for­eign cur­rency. The rev­enue col­lec­tor said in­di­vid­u­als who im­ported ve­hi­cles on or be­fore No­vem­ber 22, and whose cars are sched­uled to ar­rive in Zim­babwe on or be­fore Jan­uary 3, 2019 can also pay duty through RTGS, bond notes or for­eign cur­rency.

On Thurs­day, Fi­nance and Eco­nomic De­vel­op­ment Min­is­ter Pro­fes­sor Mthuli Ncube said pay­ment of mo­tor ve­hi­cle duty in for­eign cur­rency would be manda­tory from mid­night last Fri­day.

In a state­ment yes­ter­day Zimra said, “The pay­ment of duty in for­eign cur­rency ap­plies to any per­son or com­pany im­port­ing goods des­ig­nated as for­eign cur­rency du­tiable that were pur­chased af­ter the 22nd of No­vem­ber 2018;

“Goods pur­chased on or be­fore 22nd No­vem­ber 2018 and con­signed for ex­port to Zim­babwe on or be­fore 3rd Jan­uary 2019; (and) mo­tor ve­hi­cles im­ported un­der sus­pen­sion of duty for use by phys­i­cally hand­i­capped per­sons.”

About 300 se­cond-hand ve­hi­cles ar­rive at Beit­bridge Bor­der Post daily, with around 200 im­port en­tries are pro­cessed daily.

Zim­bab­weans spend roughly U$500 mil­lion on ve­hi­cle im­ports an­nu­ally.

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