Companies fleeced in Zimra fiscal devices supply

Companies fleeced in Zimra fiscal devices supply
Published: 29 January 2018 (667 Views)
THOUSANDS of Zimbabwean businesses may have lost millions of dollars in an alleged scam by a group of companies contracted by the Zimbabwe Revenue Authority (Zimra) to supply fiscal devices, two years ago.

Sometime in 2016, nine Harare-based firms Microware House, Axis Solutions, Rumikon Computers (t/a Matrix Warehouse Computers), Global Horizons, Document Support Centre, Cortech Solutions, Fiscal Revenue Solutions (Aura Group, Fiscal Support Services and Just IT, were contracted by Zimra to supply the devices.

Through their association the companies priced the gadgets, originating from Bulgaria, at between $1 500 and $1 800 payable in advance, but most are yet to deliver them.

Zimra is now selling the same gadgets at around $400 each.

The devices were namely the Epsom TM-810F KO with an in-built printer and the Eltrade PRP 250, both designed and suitable for busy commercial sites and retail sectors, given their high speeds and itemised billing.

For small-to-medium enterprises like restaurants the Eltrade A3 and B1 electronic cash registers are suitable and recommended.

Each business requires at least two of these gadgets, which print invoices for retention by the business and customer copies.

Fiscal devices are gadgets that monitor and record business activities and can be described as automated cash registers, which transmit transaction information to the taxman.

It is a requirement that all businesses must have these devices to show compliance to Zimra and its tax schemes.
Statutory Instrument 151 of 2011 makes it an offence not to use a fiscal device and a business is liable to a fine of $25 a day for 181 days per device.

It is a modern system used in place of physical visits by tax men and businesses without risked not getting 2018 tax clearances required for licensing and continued trading.

After realising the contracted companies were failing to supply the devices, Zimra started supplying the gadgets at a lower price.
Zimra spokesperson Canisio Mudzimu, however, declined to comment over the price discrepancies.

"The appointment of suppliers of fiscal devices is a transparent process that is done by a committee chaired by the ministry of Finance and Economic Planning. As you are aware, there are currently 10 approved suppliers of the fiscal gadgets, who include the Zimbabwe Revenue Authority (Zimra)," he said.

Mudzimu added: "The appointment of Zimra was meant to improve the availability and affordability of the fiscal devices in the market to ensure the success of the fiscalisation programme."

He said businesses now have the option of purchasing the gadgets from Zimra, where the prices of the fiscal devices are more affordable.

An official from Global Horizon said they were struggling to get foreign currency to import the devices.

- newsday


You May Like These Videos


There are no comments.

Latest stories

Violence must be condemned at all levels

by Dr Masimba Mavaza | 16 January 2019 | 54 Views

WATCH: Zimbabweans protest in Pretoria Embassy

by Mandla Ndlovu | 16 January 2019 | 70 Views

Britain warns its citizens in Zimbabwe

by UK gov | 16 January 2019 | 73 Views

PHOTOS: Evan Mawarire being arrested

by Mandla Ndlovu | 16 January 2019 | 61 Views

Zimbabwe kills commerce and lights, by killing the internet

by Staff reporter | 16 January 2019 | 80 Views

Zimbabwe crisis a warning to SA, says opposition leader

by Business Day | 16 January 2019 | 69 Views

Mugabe-aligned NPF calls for Mnangagwa's resignation

by African News Agency | 16 January 2019 | 85 Views

Calls for diaspora protests at Zimbabwe embassies

by | 16 January 2019 | 75 Views

Soldiers continue to patrol streets

by | 16 January 2019 | 77 Views

Mnangagwa to buy 'State-of-The-Art' Russian arms

by | 16 January 2019 | 74 Views

Mnangagwa says Zimbabwe protests 'fizzling out'

by newzimbabwe | 16 January 2019 | 72 Views

Zimbabweans need to do a serious soul searching

by Dr Masimba Mavaza | 16 January 2019 | 82 Views

PHOTOS: Mnangagwa, Mthuli Ncube meet Putin as #ZimbabweShutDown

by Staff Reporter | 16 January 2019 | 82 Views

WATCH: Man in civilian clothing shoots directly at protestors

by Mandla Ndlovu | 16 January 2019 | 86 Views

'Opposition leaders arrested as scores are killed' says Dzamara

by Mandla Ndlovu | 16 January 2019 | 83 Views

Latest update on day 2 of Army killings

by Mandla Ndlovu | 16 January 2019 | 86 Views

#ZimbabweShutDown enters day 3

by AP | 16 January 2019 | 92 Views

Zimbabwe businesses losing millions as shutdown continues

by Staff reporter | 15 January 2019 | 142 Views

South Africa 'confident' Mnangagwa govt will 'resolve situation'

by Staff reporter | 15 January 2019 | 136 Views

Malema's EFF 'extends its solidarity' with the people of Zimbabwe

by Staff reporter | 15 January 2019 | 142 Views

'Internet shutdown is unconstitutional,' says Jonathan Moyo

by Ndou Paul | 15 January 2019 | 145 Views

May's Brexit deal rejected by 230 votes

by BBC | 15 January 2019 | 95 Views

Strive masiyiwa speaks on Internet blackout

by Mandla Ndlovu | 15 January 2019 | 127 Views

'Looters not a threat to anyone,' says Amnesty International?

by Staff reporter | 15 January 2019 | 68 Views

PHOTOS: The unlucky protestors who were caught

by Social media | 15 January 2019 | 150 Views

Chamisa fires blank

by Dr Masimba Mavaza | 15 January 2019 | 150 Views

Almost every Choppies shop in Western suburbs was looted

by Social media | 15 January 2019 | 89 Views

Greyhound cancels trips to Zimbabwe indefinitely

by Mandla Ndlovu | 15 January 2019 | 96 Views

WATCH:Biti calls for an extra-ordinary SADC summit on Zimbabwe

by Mandla Ndlovu | 15 January 2019 | 116 Views

Soldiers turn rogue and join protestors?

by Mandla Ndlovu | 15 January 2019 | 147 Views

MDC appeals to International community

by Mandla Ndlovu | 15 January 2019 | 163 Views

Econet declines to comment on internet shutdown

by Staff reporter | 15 January 2019 | 154 Views