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*ZIMRA Collects US$18,5 VAT From Retailers* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?pn The Zimbabwe Revenue Authority (ZIMRA) has so far collected almost US$18,5 million in value-added tax (VAT) from retailers trading in foreign currency since November 2018. This was revealed by Zimra acting head of corporate communications Inzwirashe Muwonwa in an interview with The Sunday Mail Business last week. Said Munyoro: ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > Indeed, the traders are required to pay VAT in forex. We have held several meetings or seminars with the traders to remind them of the tax obligation. > After the announcement of the Monetary Policy Statement and the promulgation of the Finance Act Number 1 of 2019, we are preparing the guidelines and public notices for our taxpayers. > In addition, we carry out on a regular basis tax compliance enforcement measures, including tax audits. In November 2018, the government directed ZIMRA to collect VAT in foreign currency from companies that were charging their goods and services in hard currency. *More: The Sunday Mail* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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