Govt Imposes 15% VAT On Meat, Fish, Cereals…

VAT On Meat, Fish, Cereals ZIMRA zim shopping malls

Until end of January 2017, products such as rice, fish, margarine, potatoes and meat were exempt from the 15% VAT. ZIMRA – Zimbabwe Revenue Authority released Statutory Instrument 20 of 2017 that essentially removed these products and others that were exempt from 15% VAT to now VAT taxable. The VAT regulations became active on February 1, 2017.

Retailers could simply pass on the added cost to the consumers meaning that these goods may see a sharp increase in prices. It will be interesting to keep an eye on how retailers adjust their pricing strategies in response to this legislation and the impact on grocery shopping habits of households that are already feeling the pinch from a cash-strapped economy.

ZIMRA released a copy of Statutory Instrument 20 of 2017 on their website for anyone to download. We have posted copies of the scanned documents below for our readers’ benefits. Have you noticed any change in prices? Tell us, i the comments below, how this legislation might affect your grocery shopping habits.

Lucy

I am an Online Marketing specialist at ZimShoppingMalls.com specializing in Social Network Marketing for mostly www.FindaProduct.co.zw and it’s clients including other ZimShoppingMalls solutions like FindaProject.co.zw. I am an introvert but feel very comfortable in front of my computer, my virtual office. My passion is online technologies to promote trade.

2 Responses to "Govt Imposes 15% VAT On Meat, Fish, Cereals…"

  1. Rad Mutasa   February 2, 2017 at 10:57 am

    Pakaipa

    Reply
  2. Charity Mbiwa Mutasa   February 2, 2017 at 8:17 am

    Rad Mutasa

    Reply

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