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ZIMRA Warns Businesses Against Misquoting Currency Used In Transactions

2 years ago
Tue, 19 Jan 2021 12:57:34 GMT
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ZIMRA Warns Businesses Against Misquoting Currency Used In Transactions

The Zimbabwe Revenue Authority (ZIMRA) has urged members of the public to report businesses that fail to issue invoices or receipts in the currency used in transactions.

Businesses are required to record and issue invoices, till slips, or receipts in the currency used in the transaction be it a foreign currency or Zimbabwe dollars. In a public notice this Tuesday, ZIMRA said:

The public is being urged and reminded of the following:

a) Where a sale is made in foreign currency, the invoices, till slips, or receipts recording that sale transaction must be issued in foreign currency.

b) Where a sale is made in both local currency (ZWL) and foreign currency, the invoices, till slips, or receipts must reflect the correct respective currency details.

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c) To always request or be issued with a receipt/invoice in the currency of trade as used in the transaction

d) Report any such business that does not comply with the issuance of invoices, till slips or receipts showing the correct currency of trade.

Members of the public are encouraged to report to the nearest ZIMRA Office or ZIMRA HOTLINES 08004422/08004423 or through the email address: NonFiscalisation Report@zimra.co.zw

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