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    Banks Notice On ZiG ProcessFinal

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    Peter

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    Banks Notice On ZiG ProcessFinal

    Uploaded by

    Peter
    34 views2 pages

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    Banks Notice on ZiG ProcessFinal (1)

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    34 views2 pages

    Banks Notice On ZiG ProcessFinal

    Uploaded by

    Peter

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    © All Rights Reserved
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    of 2

    IMPORTANT NOTICE TO ALL BANKS

    Alignment of ZIMRA Systems to the new ZiG Currency


    Following the 2024 Monetary Policy Statement announcement by the Reserve Bank
    Governor, ZIMRA is in the process of realigning its systems to the new currency.

    ZIMRA Approach to the configuration of the new currency:

    1. The currency configurations below will be implemented in all ZIMRA systems.


    a. Code is ZWL
    b. Description - ZiG (Zimbabwe Gold Currency)
    2. All ZWL values in the ZIMRA systems shall be converted to the ZiG equivalent using the
    RBZ stipulated rate. This is currently work in progress and banks will be notified when
    the process finishes.

    Transitional Activities:

    1. ZIMRA systems are currently activated for USD payments from the banks for both
    Domestic Taxes and Customs & Excise until conversion process is completed.
    2. Banks are not expected to accept any ZWL payments for ZIMRA purposes whilst
    conversion is in progress.
    3. After the conversion process by the bank they can accept ZiG and Foreign currency
    payments into ZIMRA Single Accounts (Domestic Taxes) and Customs accounts.
    4. Banks are expected to go through a testing and certification process before going live on
    their interface to ZIMRA systems to ensure compliance.
    5. Banks are expected to forward to ZIMRA all failed ZiG notifications for Domestic Taxes
    payments (Single Accounts) when the interface goes live.

    All Banks are encouraged to contact the following if there are any challenges:

    ZIMRA ICT Team contact details

    Name Email Mobile


    Number
    Nigel Mafukidze [email protected] +263 773 382 137
    Sudden Svosve [email protected] +263 773 466 725
    Tafadzwa Mbawa [email protected] +263 712 840 063
    Mr. S. Moyo [email protected] +263 712 840 065
    ZIMRA Finance Team contact details

    Name Email Mobile


    Number
    Gladys [email protected] +263 779 136 965
    Kavhukatema
    Brian Nyamayaro [email protected] +263 772 876 440
    Mr. L. Karonga [email protected] +263 712 617 676
    Mrs. E. Chitanda [email protected] +263 712 903 840

    My Taxes: My Duties, Building My Zimbabwe!!

    www.zimra.co.zw @Zimra_11 ZIMRA.ZW Contact Centre 585/ 08688007614 [email protected]

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