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
Public
Other countries
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
2042
Content accuracy validation date:
05.01.2024
Content accuracy validation time:
09:05h
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.
Other news from Other countries
Singapore Rolls Out Phased Mandatory E-Invoicing
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
Singapore’s Peppol-based e-invoicing system, launched in May 2025, is voluntary but will become mandatory in phases—starting November 2025 for new GST-registered companies and April 2026 for all new GST registrants. Businesses can use the InvoiceNow platform to transmit e-invoices and report to IRAS. E-invoicing solution providers assist with compliance, document formatting, automation, and data s... Read more
Malaysia: Key Updates on Stamp Duty Relief & E-Invoicing
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
Malaysia’s IRBM has granted stamp duty relief for employment contracts signed before 1 January 2025, with stamping required by 31 December 2025 for contracts signed during 2025. Self-assessment for stamp duty begins 1 January 2026. From that date, consolidated e-invoices are banned for transactions over RM10,000, though allowed until end-2025 unless transaction-specific e-invoices are required. Th... Read more
Indonesia Clarifies E-commerce VAT
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
In Indonesia, online marketplaces facilitating cross-border digital sales may be required to charge and remit VAT, though the law is unclear on which platforms this applies to. Marketplaces must also report all vendor transactions to the tax authorities. These rules aim to strengthen VAT collection and increase transparency for digital sales to Indonesian consumers. A marketplace operator is defin... Read more
Mandatory E-Invoicing in Brazil: Preparing for 2026
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
Over 1,280 Brazilian municipalities, covering 70% of service revenue, have joined the National NFS-e System, which becomes mandatory nationwide on January 1, 2026. Brazil's segmented e-invoicing system includes NF-e (goods), NFS-e (services), NFCom (telecom), and CT-e (freight), all requiring XML format, electronic signatures, SEFAZ validation, and five-year archiving. Upcoming mandates will unify... Read more
VAT in the Swiss Tax System: An Overview
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Switzerland introduced VAT in 1995, a general consumption tax targeting domestic consumption. It has undergone revisions since 2010, with increased rates in 2024 to support social insurance and simplify regulations. Overview of Value Added Tax (VAT): Switzerland moved from a turnover tax to conform to EU standards by implementing VAT on January 1, 1995. In 2010, the VAT system was completely redes... Read more
Qatar's Tax System: VAT & Electronic Invoicing
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Qatar is implementing a modern, transparent, and digitized tax system to align with a globalized economy. Main reforms include strengthening the General Tax Authority, preparing for a 5% VAT under the GCC VAT Framework Agreement, and exploring electronic invoicing. Qatar is shifting toward a modern, transparent, and digitized tax system to align with a globalized, less hydrocarbon-dependent econom... Read more
VAT & Promotions: Understanding Vouchers, Gifts, and Discounts in the UK
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
VAT treatment for business promotions is complex due to changes in EU and domestic legislation and case law. The main points are whether there is a supply and, if so, what the value of that supply is. The UK rules for face value vouchers (FVV) have been altered, with VAT due on the value of the voucher when issued. Single-purpose vouchers carry the right to receive only one type of goods or servic... Read more