What is Fiscalisation?

• It is the use of fiscal devices to record taxable transactions and other tax information on the read-only fiscal memory at the time of sale. It was first introduced through Statutory 104 of 2010.

Who should Fiscalise?

• All Value Added Tax (VAT) registered operators are required to Fiscalise as outlined in SI 104 of 2010 as read with SI 148 of 2016 and SI 153 of 2016

What are offences and penalties in Fiscalisation?

The offences and penalties are as follows:

• Any person who fails to Fiscalise in terms of section 3 shall be liable for a civil penalty of US$25.00 per point of sale, for each day the taxpayer remains in default, not exceeding a period of one hundred and eighty-one days and if the person continues to be in default after 181 days shall be guilty of an offence and liable on conviction to a fine not exceeding level seven or to imprisonment for a period not exceeding 12 months or to both such fine and such imprisonment.
• Any person who manufactures, sells or distributes fiscalised electronic registers or fiscal memory devices or any other register or device purporting to be such without obtaining the approval, shall be guilty of an offence and liable on conviction to a fine not exceeding level seven or to imprisonment for a period not exceeding 12 months or to both such fine and such imprisonment
• Any person who fails to comply with any requirements of Second Schedule applicable to him or shall- if the Commissioner finds that there was an intent on the person’s part to evade the payment of any tax payable by him or her, be chargeable with additional tax in terms of section 66 of the Act and shall be guilty of an offence and liable on conviction to a fine not exceeding level seven or to imprisonment for a period not exceeding 12 months or to both such fine and such imprisonment
• Failure to deliver device by approved supplier within 6 weeks from date of order and full payment- the approved supplier shall be guilty of an offence and liable on conviction to a fine not exceeding level seven or to imprisonment for a period not exceeding 12 months or to both such fine and such imprisonment
• Non-Usage of fiscal device by registered VAT operator- the register VAT operator shall be guilty of an offence and liable on conviction to a fine not exceeding level seven or to imprisonment for a period not exceeding 12 months or to both such fine and such imprisonment and additional assessment in terms of section 66 of VAT Act
• Failure to interface devices by clients- the clients shall be guilty of an offence and liable to a civil penalty of $25 per day up to a maximum period of 181 days as per statutory instrument 153 of 2016 and liable on conviction on to a fine not exceeding level seven or to imprisonment for a period not exceeding 12 months or to both such fine and such imprisonment

My Taxes, My Duties: Building my Zimbabwe!!

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.