As part of Zimbabwe Revenue Authority (ZIMRA) Business Process Re-engineering, ZIMRA will introduce the Tax and Revenue Management System known as TaRMS. It will be live on October 12, 2023. This is part of the organization’s focus on simplifying business processes for the convenience of taxpayers and also providing a convenient platform in relation to other changes that will happen in Zimbabwe, known as virtual or software fiscalization. TaRMS will be the new system for automating domestic tax processes, replacing the current system (SAP TRM).
A new Tax and Revenue Management System (TaRMS) is introduced in Zimbabwe
Public
Other countries
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
3336
Content accuracy validation date:
13.10.2023
Content accuracy validation time:
08:27h
The general benefits of these new systems are the following:
- Taxpayer Registration
- Tax Return Management
- Payments Management
- Refunds Management
- Debt Management
Of course, every part of the new system contains novel changes and a lot of features to be as convenient as possible for taxpayers. Also, the taxpayers are called in September to update certain data to be able to access the new system, or, in other words, make the migration process go smoothly.
From a fiscalization perspective, a public notice has also been issued by the ZIMBRA, where it is stated that all registered operators and taxpayers who are required to fiscalize under the Value Added Tax (VAT) Act are still required to upgrade fiscal devices to comply with the requirements of the Fiscalization Data Management System (FDMS). Also, it is stated that approved suppliers of fiscal devices are working towards finalizing upgrading the taxpayers’ systems and fiscal devices to integrate with the FDMS in compliance with Public Notice 50 of 2023. One of the novelties is generating QR codes on receipts and invoices.
Other news from Other countries
UAE E-Invoicing Mandate: Preparing for July 2026
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
The UAE mandates e-invoicing for VAT-registered businesses starting July 1, 2026, with a phased rollout, possibly in four stages, prioritizing larger companies. Accredited service providers must validate invoices, transmit them, and report to the FTA instantly. The UAE will mandate e-invoicing for all VAT-registered businesses starting July 1, 2026, with a phased rollout, possibly in four stages,... Read more
New Zealand B2G E-Invoicing Rules for 2026
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
The New Zealand government has mandated electronic invoicing for public agencies starting January 1, 2026. This mandate applies to domestic trade credit invoices, aiming to enhance public spending efficiency and transparency. The e-invoicing infrastructure is Peppol Network. The New Zealand government has updated its Procurement Rules, mandating electronic invoicing for public agencies under Rule... Read more
Colombia 2026 Tax Reform Proposal
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Colombia's Ministry of Finance proposes tax reforms for 2026 budget, aiming to raise COP 26.3 trillion, including reduced VAT rates for hybrid vehicles, increased financial sector surcharges, and reduced personal income tax. On September 1, 2025, Colombia’s Ministry of Finance submitted a tax reform bill to Congress for the 2026 budget, aiming to raise COP 26.3 trillion. The bill reforms VAT... Read more
South Africa: 5-Corner Peppol Integration to Modernize E-Invoicing and Reporting
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
The National Treasury and SARS released the 2025 Draft Tax Administration Laws Amendment Bill, supporting SARS's VAT Modernisation Project, including e-invoicing and e-reporting. The potential launch is 2028 or later, with stakeholders invited to comment on VAT data model formulation and reporting. On 16 August 2025, the National Treasury and SARS released the 2025 Draft Tax Administration Laws Am... Read more
E-invoicing system of the Netherlands - Overview
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Peppol, the Dutch e-invoicing system, became mandatory for all Dutch central government suppliers in 2017. With 84% of invoices received as e-invoices, 47% processed via the Peppol network, the Netherlands is focusing on digitalization and integrating the hiring process for contract work. Peppol serves as the basis for public administrations' electronic invoicing. E-invoicing emerged in 2017 as re... Read more
Luxembourg e-Invoicing Overview
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Luxembourg has implemented e-Invoicing for public procurement contracts since 18 March 2023, requiring all economic operators to issue compliant e-Invoices. The country fully adopts the European e-Invoicing standard EN 16931, using Peppol BIS Billing 3.0 and UBL 2.1 formats. The Peppol network connects public sector bodies, with e-Invoice volume increasing from <100 in 2021 to ~1.4 million in 2024... Read more
China Introduces New Reporting Requirements for Digital Platform
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
China's State Council has imposed tax-related regulations on digital platform operators, requiring quarterly reports and business details within 30 days, with exemptions for service providers. On June 20, 2025, the State Council of China announced rules that, in accordance with Order of the State Council No. 810, require digital platform operators, including foreign operators, to report tax-relate... Read more