VATLive > Blog > Zimbabwe > Zimbabwe cuts VAT to 14.5%

Zimbabwe cuts VAT to 14.5%

  • Nov 18, 2019 | Richard Asquith

The Zimbabwean 2020 budget includes a number of proposed changes to the VAT regime:

  • A reduction in the VAT rate from 15% to 14.5%
  • A rise in the VAT registration threshold from ZWL60,000 to ZWL 1 million per annum
  • Extension of VAT collection obligations to non-resident digital, broadcast and telecoms service providers with local customers
  • Allowance for the deduction on import VAT on services

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He can be contacted at: richard.asquith@avalara.com. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.