ZIMSPHERE
HARARE — The Zimbabwe Revenue Authority (ZIMRA) has gazetted the imposition of duty on fuel that passes through the country en route to other countries.
 |
| Truck drivers wait for their trucks to be cleared at Beitbridge Border Post (Image: Manica Post) |
ZIMRA's Public Notice 60 of 2024 follows Finance Minister Mthuli Ncube's pronouncement of the duty during his mid-term budget review on July 25.
"With effect from 10 August 2024 all fuel - petrol, diesel, paraffin and jet A1- in transit imported through ports of entry by road is now required to pay duty and levies on entry," reads part of the notice.
The duty and levies will be refunded at the port of exit upon compliance with all the transit procedures, including submission of proof that the fuel has been exported.
Transporters should approach ZIMRA at the port of entry to initiate the fuel clearance and payment process. Transporters can only initiate the refund process once the fuel has been exported.
Fuel uplifted from National Oil Infrastructure Company (NOIC) at the Msasa depot is exempt from this duty.
The duty is part of government's efforts to mitigate transit fraud; whereby fuel transporters would allege that they're carrying fuel-in-transit only to offload the fuel on the local market without payment of the requisite duty.
This illicit practice has continued despite government's introduction of the Electronic Cargo Tracking System (ECTS) that uses electronic seals and transmitters to monitor cargo in 2017.
0 Comments