The manufacturers of fiscal devices in Zimbabwe had an obligation to update and upgrade fiscal devices in accordance with the rules established by the Zimbabwe Tax Authority. In more specific terms, all registered operators mandated to conduct fiscalization under the Value Added Tax Act must engage with their approved suppliers and enhance their current fiscal devices and/or point-of-sale systems (POS) by December 31, 2023. This is in adherence to the stipulations outlined in Public Notice 50 of 2023, issued on August 9, 2023, pertaining to the requirements of the Fiscalization Data Management System (FDMS).
Compliance with the fiscalization data management system in Zimbabwe
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Author: Kristina Dosen
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Fiscal subject related
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Content accuracy validation date:
05.01.2024
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But ZIMRA also released a notice where it is important to:
- Registered operators possessing point-of-sale systems operating on centralized server and data storage facilities with ICT capability to develop APIs are provided with the choice to employ the virtual fiscalization platform. This can be achieved through a direct interface with the ZIMRA FDMS system using APIs for server-to-server integrations, serving as a means of fulfilling fiscalization requirements.
- All point-of-sale (POS) systems should be installed with upgraded approved fiscal devices or virtual applications that are compatible with FDMS systems and have the ability to print fiscal tax invoices, receipts, debits, and credit notes.
- a) Bearing all the features required by the legislation (Section 20/21 of the VAT Act), including TIN and VAT numbers generated from TaRMS for both the buyer and the seller
- b) Verifiable using QR codes and authentication codes generated from FDMS
- c) With transaction and tax totals rounded to two (2) decimal places
- d) A brief explanation of the circumstances giving rise to the issuing of the credit note
- Registered operators are advised that compliance with FDMS will be one of the requirements for the issuance of Tax Clearance Certificates (ITF 263), effective January 1, 2024.
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