Chinese businesses in Zimbabwe have been accused of not obeying the country’s tax laws by failing to issue out tax invoices when conducting business.
This was revealed by captains of industry who attended the Association for Business in Zimbabwe and Zimbabwe Revenue Authority (Zimra) workshop in Bulawayo on Friday.
One participant who attended the event said,
Chinese businesses are not giving out tax invoices when you conduct business with them and this is cause for concern because it’s a requirement. If you insist on it, they will just write on a piece of paper.
Another participant told NewsDay on the sidelines of the workshop that when the Chinese were issuing out tax invoices, they would not be in English “an indication that their system is not linked to Zimra”. The also participant said,
It raises questions on how their companies are reconciling their books with Zimra, yet the law requires companies to communicate in languages that are understood locally.
Under the law, receipts and invoices must be issued in a local language.
More: NewsDay