THE legislation relating to the deferment of Value Added Tax (VAT) collection on capital goods has undergone a sea change in the last few months, with each amendment widening the circle of industries falling under this coveted privilege. Until recently, mining, manufacturing, aviation, and agriculture were the sectors that enjoyed the privilege of deferring VAT…
VAT deferment law ropes in energy sector
In 2024, the Zimbabwe Revenue Authority (ZIMRA) slashed the VAT threshold from US$240 000 to US$25 000 annually, a ten-fold reduction.