Zimbabwe Revenue Authority (ZIMRA) has noticed that there are businesses that are trading, withholding and collecting VAT, PAYE, Capital Gains Tax and other taxes in multi-currencies. Following this observation, ZIMRA has found it necessary to clarify that these businesses should remit taxes in the specific currencies in which they collect them without any conversion to RTGS, bond notes, local point-of-sale and mobile money.
Clients can remit their multi-currency taxes to ZIMRA through the following FCA Nostro (USD) accounts:
NAME OF BANK FCA NOSTRO (USD)
STANDARD CHARTERED 8740007099000
BANC ABC 10164886633017
Clients wanting to remit in hard currencies other than the USD can enquire with the above listed banks for the appropriate FCA Nostro accounts.
Public Notice Number 45 of 2018