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  • IMMIGRANTS REBATE EXPLAINED AFTER 2022 BUDGET PRONOUNCEMENTS
Article:

IMMIGRANTS REBATE EXPLAINED AFTER 2022 BUDGET PRONOUNCEMENTS

17 March 2022

Returning residents and other persons coming to settle permanently in Zimbabwe are entitled to duty and VAT free importation of household and personal effects that include motor vehicles. The Minister of Finance in his 2022 budget speech indicated his intention to close the loopholes where luxury motor vehicles were being imported by individuals and in the process abuse the rebate for returning residents. The Minister then gazetted on 17 January 2022 Statutory Instruments 9 and 10 giving effect to the following proposals to close the loopholes in the application of this rebate