Opinion / Columnist
Zimra rates on change of ownership of pre-owned cars
19 Jan 2016 at 11:41hrs | Views
RATES OF SPECIAL EXCISE DUTY ON CHANGE OF OWNERSHIP OF SECOND-HAND MOTOR VEHICLES
The Zimbabwe Revenue Authority (ZIMRA) hereby advises its valued clients that the Minister of Finance and Economic Development announced a change of the basis on which Excise Duty on change of ownership of second-hand motor vehicles is calculated.
The amount to be paid to ZIMRA for Special Excise Duty on the change of ownership of second-hand motor vehicles is as per the schedule below. These new amounts apply to change of ownerships with effect from 1 January 2016.
Please note that this schedule DOES NOT apply to the clearance of second-hand motor vehicles on importation into the country. The valuation method by ZIMRA is still applicable in those situations.
Number of Years from Date of Manufacture/
Engine Capacity/ Special Excise Duty Rate (US$)
0-4 years
1000cc 300
1001-1500cc - $400
1501-2000cc - $500
2001-2500cc - $600
2501-3000cc - $600
3001-3500cc - $600
Above 3501cc - $600
5-10 years
1000cc - $150
1001-1500cc - $200
1501-2000cc - $250
2001-2500cc - $300
2501-3000cc - $400
3001-3500cc - $400
Above 3501cc - $400
11-15 years
1000cc - $75
1001-1500cc - $100
1501-2000cc - $150
2001-2500cc - $200
2501-3000cc - $200
3001-3500cc - $200
Above 3501cc - $200
16-20 years
1000cc - $50
1001-1500cc - $75
1501-2000cc - $100
2001-2500cc - $150
2501-3000cc - $150
3001-3500cc - $150
Above 3501cc - $150
Above 20 years All Engine Capacity - $50
Paying duties and taxes on time and in full builds and dignifies Zimbabwe!
Commissioner General Public Notice No. 4 of 2016
The Zimbabwe Revenue Authority (ZIMRA) hereby advises its valued clients that the Minister of Finance and Economic Development announced a change of the basis on which Excise Duty on change of ownership of second-hand motor vehicles is calculated.
The amount to be paid to ZIMRA for Special Excise Duty on the change of ownership of second-hand motor vehicles is as per the schedule below. These new amounts apply to change of ownerships with effect from 1 January 2016.
Please note that this schedule DOES NOT apply to the clearance of second-hand motor vehicles on importation into the country. The valuation method by ZIMRA is still applicable in those situations.
Number of Years from Date of Manufacture/
Engine Capacity/ Special Excise Duty Rate (US$)
0-4 years
1000cc 300
1001-1500cc - $400
1501-2000cc - $500
2001-2500cc - $600
2501-3000cc - $600
3001-3500cc - $600
Above 3501cc - $600
5-10 years
1000cc - $150
1001-1500cc - $200
1501-2000cc - $250
2001-2500cc - $300
2501-3000cc - $400
3001-3500cc - $400
Above 3501cc - $400
11-15 years
1000cc - $75
1001-1500cc - $100
1501-2000cc - $150
2001-2500cc - $200
2501-3000cc - $200
3001-3500cc - $200
Above 3501cc - $200
16-20 years
1000cc - $50
1001-1500cc - $75
1501-2000cc - $100
2001-2500cc - $150
2501-3000cc - $150
3001-3500cc - $150
Above 3501cc - $150
Above 20 years All Engine Capacity - $50
Paying duties and taxes on time and in full builds and dignifies Zimbabwe!
Commissioner General Public Notice No. 4 of 2016
Source - Zimra
All articles and letters published on Bulawayo24 have been independently written by members of Bulawayo24's community. The views of users published on Bulawayo24 are therefore their own and do not necessarily represent the views of Bulawayo24. Bulawayo24 editors also reserve the right to edit or delete any and all comments received.
