News / Local
Change of ownership of second-hand vehicles
28 Jan 2016 at 05:38hrs | Views
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.
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.
Source - Zimra
