The Zimbabwe Revenue Authority (ZIMRA) has announced new regulations regarding the payment of duty on fuel in transit.
This follows the 2024 Mid-term budget pronouncement by the Minister of Finance, Economic Development and Investment Promotion.
Effective from August 10, 2024, all fuel types, including petrol, diesel, paraffin, and jet A1, imported through ports of entry by road, will be subject to duty and levies upon entry into Zimbabwe.
This measure aims to ensure compliance and transparency in the transit of fuel through the country.
Key Points of the New Regulation
•Immediate Payment: Duty and levies must be paid at the port of entry for all fuel in transit.
•Refund Process: The paid duty and levies will be refunded at the port of exit, provided all transit procedures are followed, including the submission of proof that the fuel has been exported.
•Procedure: Consignees and their representatives are required to approach ZIMRA at the port of entry to initiate the fuel clearance and payment process. For refunds, they must approach ZIMRA at the port of exit after the fuel has been exported.
