Fiscalisation and interfacing

Fiscalisation and interfacing

Tax
WHAT IS FISCALISATION AND INTERFACING?Fiscalisation is the recording of transactions for Value Added Tax (VAT) purposes using electronic fiscal gadgets. The fiscalised gadgets record the information on read only memory, meaning that once recorded, this information cannot be altered (SI 104 of 2010).Statutory Instrument 153 of 2016 requires every registered operator to connect all fiscal devices to the ZIMRA server for the purposes of transmitting sales data. Interfacing means linking of a registered operator’s fiscal devices to theZIMRA server.VAT Registered Operators should fully fiscalise for currency of transaction and their devices interfaced with ZIMRA servers. That is, devices should be configured to specifically show:•Transactions done in local currency ZW$•Transactions done in foreign currency like the USD.Where client have devices that cannot be configured for multicurrency, different devices can be configured…
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