Vehicle sales down 10,4% in 7 months

carsmugglinzimborderguideSALES for new vehicles dropped 10,4% to 1 874 in the first seven months of the year, as people continue to prioritise resources amid low disposable income Continue reading “Vehicle sales down 10,4% in 7 months”

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150% duty on second-hand vehicle imports

dutyhikeSPEAKER of the National Assembly Jacob Mudenda wants the Zimbabwe Revenue Authority (Zimra) to charge 150% in customs duty on second-hand vehicles, claiming Zimbabwe has become Japan’s largest warehouse of used cars. Continue reading “150% duty on second-hand vehicle imports”

Importation and Exportation of Currency by Travellers

MoneyThe importation and exportation of currency is governed by the Reserve Bank of Zimbabwe (RBZ) in terms of the Exchange Control Act [Chapter 22:05] as read with Exchange Control Regulations Statutory Instrument 109 of 1996. Continue reading “Importation and Exportation of Currency by Travellers”