THE Zimbabwe Revenue Authority (Zimra) has increased import duty on second hand vehicles at all the country's borders.
Since Tuesday last week, duty for a range of vehicles increased by between $300 and $1,000.
Revelations are that where an importer used to pay $1,920 duty for a Honda Fit (GD1) 2002 model, one now needs to fork out an extra $400 to meet all the costs.
Those who used to pay $2,300 import duty are now required to pay $2,800.
Investigations by our Beitbridge Bureau have shown that vehicles such as Toyota Corolla Bubble shapes, Honda Fit, Toyota Corolla old shape, Toyota Vitz and Toyota Raum (old and new shapes), which are on high demand locally, were the worst affected by the new regulations.
Car dealers and clearing agents blasted Zimra for imposing the new values without prior notifications or consultations.
- Chronicle
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