WebMar 14, 2024 · In addition to the tariff rate, ZIMRA also applies value-added tax (VAT) to the CIF value of the vehicle. The standard VAT rate in Zimbabwe is 14.5%. Therefore, the total … WebApplicable rates of Special Excise Duty. The rate of special excise duty applicable depends on the engine capacity and year of manufacture of a vehicle. The following schedule illustrates the amount to be paid to ZIMRA for Special Excise Duty on the change of ownership of second-hand motor vehicles.
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WebThe calculation of Customs Duty in Zimbabwe is based on cost, insurance and freight (CIF) of the motor vehicle from the country of exportation. The value to be used as a basis for the calculation of duty and tax shall, therefore, include all charges and expenses incurred and incidental to the purchase of the vehicle and its transportation up to ... WebMay 13, 2024 · The following transfers of ownership of second-hand motor vehicles are exempt from paying Special Excise Duty: 1. Transfers between spouses married under the … fischtopf sylter art
Duty Free Vehicle Guide – ZIMOCO
WebApr 8, 2024 · Zimra said the charges that are levied are Customs Duty, Surtax and Value Added Tax (VAT). "Surtax is only charged on passenger type motor vehicles that are more than five years old at the time of importation. Please note that both Customs Duty and Surtax (where applicable) are calculated on VDP. WebApplicable rates of Special Excise Duty. The rate of special excise duty applicable depends on the engine capacity and year of manufacture of a vehicle. The following schedule … WebThe Zimbabwe Revenue Authority (ZIMRA) unilaterally increased import duty on all second-hand motor vehicles with effect from last Wednesday. The move has resulted in duty for a wide range of motor vehicles increasing by between $200 and $400, while those importing top-of-the-range second-hand models are forking out more. fisch tools australia