- ZIMRA has issued a reminder to registered operators under the VAT Act regarding compliance requirements for Fiscal Tax Invoices
- Invoices must be generated by a fiscal device integrated with the ZIMRA FDMS
- Non-compliant invoices cannot be used to claim VAT input tax or income tax expenditure
- Features of a compliant fiscal tax invoice include specific information such as supplier and recipient details, unique serial number, and tax amount
- Verification process includes checking for a verifiable QR code and ensuring details match those transmitted to the FDMS
- Buyer information must be captured when requesting a fiscal tax invoice, including name, address, TIN, and VAT number
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.
