Honeymoon over for fiscalised tax device suppliers

presenting the Mid-Term Fiscal Policy Review.
“Where an approved supplier fails to deliver the devices within a period of six weeks, penalty provisions that are applicable to registered operators will apply on the supplier,” said Biti.
Minister Biti said the measures would take effect from the beginning of next month.
The Government licensed 10 suppliers of fiscal devices, with a view to ensure competitive pricing of the devices and also improve service delivery. Although registered operators in category C have been given more than two years to fiscalise, the latest move comes as non-compliant operators have cited challenges such as lengthy delivery time whereby some approved suppliers take as long as two months to deliver the devices. He added that to fully realise the benefits of the fiscalisation project, the Zimbabwe Revenue Authority would set up a platform to receive information from fiscalised devices by October 1.
Significant progress in the acquisition and installation of equipment and software to upgrade Zimra systems and develop direct interface with clients has already been registered. The fiscalisation programme has been undertaken to improve the State’s revenue collection system as it seeks to boost its coffers.
The Government is currently working on tax reform initiatives, which among others, include automation of Zimra, promulgation of a new Income Tax Act, introduction of a Fiscalised Electronic System meant to enhance compliance and minimise leakage.