- Zimbabwe Revenue Authority (ZIMRA) is introducing a new Tax and Revenue Management System (TaRMS) as part of its Business Process Re-engineering.
- TaRMS will go live on October 12, 2023, and is aimed at simplifying business processes for taxpayers.
- The new system will automate domestic tax processes, replacing the current system (SAP TRM).
- The system will manage taxpayer registration, tax return, payments, refunds, and debt.
- Taxpayers are required to update certain data in September to smoothly transition to the new system.
- Registered operators and taxpayers under the Value Added Tax (VAT) Act are still required to upgrade fiscal devices to comply with the Fiscalization Data Management System (FDMS).
- Approved suppliers of fiscal devices are working to upgrade taxpayers’ systems and fiscal devices to integrate with the FDMS.
- One of the new features is the generation of QR codes on receipts and invoices.
Source: fiscal-requirements.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
