The new possibilities for VAT taxpayers, including retail in Zimbabwe, have been introduced. More precisely, the so-called Virtual Fiscalization Solution applies to all business sectors. It is an alternative solution offered by ZIMRA (the tax authority) to those who wish to use it instead of the physical fiscal devices currently in use.
As a reminder, Zimbabwe has a hardware-based fiscalization system where fiscal devices have been used. But lately, the whole tax system has been approved, and new services and platforms have been introduced in a very modern way. All of this is introduced to improve tax control and create a tax framework, as well as improve the current tax and fiscal system.
Virtual Fiscalization Solution in Zimbabwe
Public
Other countries
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
3366
Content accuracy validation date:
16.05.2024
Content accuracy validation time:
09:57h
For virtual fiscalization, it is stated in the public notice that all registered operators who are required to fiscalize under the Value Added Tax Act are obliged to comply and onboard FDMS through either:
- a) Upgrading their existing hardware fiscal device through an approved supplier and complying with the FDMS OR,
- b) Consider utilizing the ZIMRA Virtual Fiscalization platform through the following alternatives:
- i) Direct interface of the taxpayer server to the ZIMRA server using the ZIMRA Fiscalization Application Programming Interface (API) in compliance with the fiscalization requirement, or
- ii) Direct interface of the taxpayer Accounting System, Point of Sale System (POS), and/or Invoicing Systems with the ZIMRA Fiscalization Data Management System [FDMS] through the use of Application Programming Interface (API)
Technical documentation and API integration are also available.
To summarise, taxpayers can still use hardware devices but upgrade them, or they can „connect“ their POS SW with ZIMRA service and be in compliance with the fiscalization rules
Other news from Other countries
Reminder: Singapore’s Mandatory E-Invoicing for GST Registrants Starts November 2025
Other countries
Author: Ljubica Blagojević
Singapore’s InvoiceNow, a Peppol-based e-invoicing framework, enables structured invoice exchange and real-time reporting to IRAS, improving compliance, efficiency, and payment cycles. The rollout starts 1 May 2025 (voluntary), becomes mandatory for new voluntary GST registrants from 1 Nov 2025, and for all voluntary registrants from 1 Apr 2026, with later expansion to all GST-registered businesses. Invoices must use PINT SG XML via accredited Access Points; paper/PDF invoices require manual uploads. InvoiceNow marks a major compliance shift—early adoption brings cost savings and automation, while delays risk audits, penalties, and payment disruptions. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
Philippines Input VAT: Strict Transactional Rules
Other countries
Author: Ljubica Blagojević
In the Philippines, each VATable sale must have a seller-issued VAT invoice or official receipt, and the BIR prohibits combining small purchases into one document to claim input VAT. Only valid receipts from VAT-registered sellers are acceptable, with buyer details required for transactions of ₱1,000 (approx. €15.50–€16.00), or more. Internal vouchers or consolidated receipts are not valid substitutes. To stay compliant, businesses must claim input VAT per transaction, keep original receipts, and avoid lumping. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
Colombia Imposes New Tax Reporting Rules on Foreign Digital Platforms
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Non-resident digital platform operators in Colombia must submit an annual information report to DIAN, covering services such as providing qualified services, providing goods, or renting real estate. They must register in Colombia and obtain a Tax Identification Number. Reports must be submitted electronically, with penalties up to USD 97,000 for non-compliance. Non-resident digital platform operat... Read more
South Africa Moves to Mandatory E-Invoicing to Close VAT Gap
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
South Africa’s VAT Modernization Project, led by the National Treasury and SARS, will digitize VAT reporting, introduce mandatory e-invoicing and e-reporting, and enable real-time data transmission to reduce the country’s R800 billion VAT gap. The 2025 Draft TALAB provides the legal basis, with a phased rollout starting voluntarily and a potential full Peppol-based 5-corner model by 2028+. Busines... Read more
Singapore: Mandatory InvoiceNow E-Invoicing for GST Registrants Starts November 2025
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
Singapore’s InvoiceNow, a Peppol-based e-invoicing framework, enables structured invoice exchange and real-time reporting to IRAS, improving compliance, efficiency, and payment cycles. The rollout starts 1 May 2025 (voluntary), becomes mandatory for new voluntary GST registrants from 1 Nov 2025, and for all voluntary registrants from 1 Apr 2026, with later expansion to all GST-registered businesse... Read more
Chile Set to Enforce New VAT Rules for Platforms
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Starting on October 25, 2025, Chile will implement new VAT regulations for low-value consignments. Non-resident taxpayers must register and remit VAT on goods valued at USD 500 and digital services. Businesses enabling sales to Chile, such as digital platforms, must also register. Imports up to USD 41 are currently exempt from tariffs and VAT. The tax agency confirmed the implementation will proce... Read more
Importance and General Situation of E-invoicing in UAE
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
E-invoicing in the UAE supports a digital transformation, crucial for micro enterprises, enhancing compliance and efficiency. It streamlines business operations, reduces costs by up to 66%, and improves cash flow through quicker invoice processing. The phased implementation starts in Q4 2024 with ASP accreditation, leading to mandatory reporting by Q2 2026. Key technical requirements include OpenP... Read more