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Newsletter: October 2007
Zimbabwe: Forex Clothing Duties
Zimbabwe Government amended the Customs and Excise Act adding more items to
be classified as luxury goods whose customs duty has to be paid in foreign
currency. The regulations took effect from September 7.
The move is part of the Government's strategy to protect the domestic
industry, reduce hard currency expenditure and encourage investment in
productive activities.
CLOTHING has been added on the list. Almost all the added items have a
double duty made up of a percentage of the actual value, usually 60 percent
for clothing, plus a fixed US dollar charge, often US$10 a kilogramme for
clothing, for example.
Clothing now attracts 60 percent duty plus a fixed US$10 a kilogramme. Items
covered include men's, boys', women's and girl's coats, suits, blazers and
dresses, jerseys, pullovers, babies' garments, clothing accessories, gloves,
shawls, tracksuits, overcoats, dressing gowns and girls' nighties etc. |