ZIMRA To Continue Collecting Duty In Foreign Currency

The Zimbabwe Revenue Authority (ZIMRA) has revealed that it will continue charging duty in foreign currency on selected goods.

In an interview with The Herald on Monday, ZIMRA commissioner general manager Faith Mazani said:

The Statutory Instrument is the law that has to be repealed first. Until it is repealed, Zimra will continue collecting duty on selected goods in foreign currency.

On Wednesday last week, the Reserve Bank of Zimbabwe (RBZ) liberalised the exchange rate of the RTGS Dollar against the major currencies.

The move was taken in a bid to promote exports, boost Diaspora remittances and investments, eliminate multi-tier pricing and preserve the value of local forms of money, among other things.

More: The Herald