If you are a traveller or you are intending to travel outside Zimbabwe, its best to understand the goods that are prohibited. This article seeks to enlighten people who do not understand what prohibited goods are.
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Author: The Customs Guru
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Posted by @thecustomsguru on Thur 28 Feb 2019
The monetary policy statement has set into motion a series of events that most likely going to affect importation of goods. The Reserve Bank of Zimbabwe recently re-denominated bond notes, bond coins and RTGS balances (electronic money) to RTGS dollars. This made the RTGS dollars formally exchangeable with US dollars and other foreign currencies.
Inheritance Rebate
What is an inheritance rebate?
An inheritance rebate is a waiver or suspension of the duty payable on inherited goods from outside Zimbabwe. If a person inherits goods of a deceased person from outside he/she is entitled to receive an inheritance rebate.
Importing solar components in Zimbabwe
Most new building in Zimbabwe rely a lot on solar system to power their homes. Solar system comprise of the following components:
- Solar panels
- Solar batteries (lead acid and lithium ion)
- Inverter or converter
- Solar regulator
- Solar led lights
Importing building Materials in Zimbabwe
- If you are planning on buying building material for a specific building and you need to claim traveller’s rebate especially after you have gone outside of Zimbabwe and bought the items, you need a building plan in order for you to be considered a private importer rather than commercial importer. A private importer is any person who imports goods for personal consumption and a commercial importer is one who imports goods for resale or in large quantities. |NB a bill of quantities also helps.
Flat rates of duty
As a private importer, classification of goods can fall under flat rates of duty. These rates are not applicable on goods imported for commercial purposes. The flat rates applied on these goods are as follows:
Depending on the type of device that you have, you can clearly learn how to use the ZIM DUTY CALCULATOR for VEHICLES to estimate the amount of duty you MIGHT be charged when importing goods.
The import or export environment is governed by The Customs and Excise ACT as well as the General Regulations.
Import: To bring goods or cause goods to be brought into Zimbabwe
Export: To take goods or cause goods to be taken out of Zimbabwe
Importer: One who imports goods to Zimbabwe
The Zimbabwe Revenue Authority has published a statement following the announcement made by the Minister of Finance and Economic Development on 22 November 2018 during his budget statement. In the budget the Minister designated certain products, whose duties, taxes, fees and levies shall be paid in foreign currency upon importation.
The Minister of Finance, in his budget statement made a list of items that would now attract customs duty in foreign currency. This means that people no longer pay their duties using RTGS, swipe or even bond notes.
A number of items have also been affected. The bulk of the items fall under the most commonly imported items. There are 4 main