Change in VAT Rate for 2023

Did you know that the rate of VAT has now changed from the 14.5% which was prevailing, to 15% which is effective from 1 January 2023. This change in VAT means that all transactions have to be treated accordingly and the change prompts an adjustment of fiscal devices so that the VAT is charged correctly. All VAT registered operators are mandated to comply with this directive.

With regards to VAT for registered operators in Category A (period Dec-Jan) the VAT for the period 23A1 comprises of months in which VAT was charged at different rates. The Zimbabwe Revenue Authority has therefore directed that the return be split into two with the one for the month of December being submitted manually while the one for the period January 2023 being submitted using the E-filing or E-taxes platform.