Avoid Costly RBZ Penalties – Ensure Full Compliance with Zimbabwe’s Banking & Forex Regulations
Expert RBZ Audit Preparation, Compliance Checks & Regulatory Advisory for Financial Institutions, Exporters & Multinationals
Why RBZ Compliance is Critical
Individual tax compliance is crucial because it ensures that every citizen contributes fairly to national development, thereby funding essential services such as healthcare, education, and infrastructure. It also helps individuals avoid legal penalties and fosters a culture of accountability and transparency in the economy.
Key Risks of Poor VAT Management:
- ✔ Heavy Fines – Up to 200% of irregular transactions
- ✔ Account Freezes – Suspension of USD trading accounts
- ✔ Business Disruption – Blacklisting from RBZ forex auctions
Zimbabwe-Specific Challenges:
- Complex multi-currency reporting (USD, ZWL, RTGS)
- Frequent RBZ directive changes (e.g., new Form CD1 requirements)
- Strict forex retention thresholds for exporters
Our RBZ Compliance Services
A. RBZ Audit Preparation & Defense
We Help You:
Special Areas:
- Export proceeds verification (60% surrender requirement)
- Foreign loan registrations
- Diaspora remittance compliance
B. Forex Transaction Compliance
Key Services:
- Form CD1/CD3 Filing – Monthly/quarterly submissions
- Foreign Payment Approvals – Import prioritization support
- Parallel Market Monitoring – Compliance with RBZ exchange controls
Zimbabwe-Specific Focus:
- Proper forex allocation documentation
- Dual currency accounting (IAS 21 compliance)
- Handling forex auction bids
C. Banking Sector Compliance
For financial institutions, we cover:
- BSA/AML Reporting (Bank Use Act)
- RBZ liquidity ratio checks
- Statutory reserves compliance
Success Story:
“Prevented $250k in fines for a client during RBZ banking sector inspection“
Zimbabwe-Specific Regulatory Focus Areas
A. Current RBZ Priority Checks (2025)
- 60% surrender requirement within 60 days
2. Foreign Currency Accounts (FCAs)
- Proper justification for USD withdrawals
3. External Loan Registration
- Mandatory RBZ approval for foreign borrowing
B. Sector-Specific Compliance
Manufacturers/Exporters:
- Export retention thresholds
- RBZ Form COD (Export Proceeds)
Mining Companies:
- Special dividend repatriation rules
- Royalty payment compliance
Royalty payment compliance
- Offshore funding approvals
- Special dispensations
Our Compliance Process
Pricing Packages:
| Service | Best For | Free Structure |
| Basic Compliance Review | SMEs | $1500 one-time |
| Annual Compliance Retainer | Medium Businesses | $800/month |
| Enterprise Suite | Banks/Multinationals | Custom Quote |
“Fees may be tax-deductible as business expenses.“
