To modernize its VAT system, Zimbabwe's Revenue Authority (ZIMRA) has enhanced its VAT returns management through the Tax and Revenue Management System (TaRMS). The new features will be available for tax periods starting June 1, 2025, and include:
- Automated tax data exchange between TaRMS and the Fiscalization Data Management System (FDMS),
- Automatic input tax schedule generation, and;
- Automatic management of credit and debit notes.
As outlined in Public Notice 30 of 2025, published on May…