19 “SCHEDULE TO CHAPTER IV (Section 29) RATE OF VALUE ADDED TAX The rate of value added tax in respect of— (a) goods or services supplied by any registered operator in the course or furtherance of any trade carried on by the registered operator; and (b) the importation of any goods into Zimbabwe by any person; and (c) the supply of any imported services by any person; and (d) motor vehicles sold by persons who are not motor dealers, whether on their own account or on behalf of other persons; shall be fifteen per centum.”. Amendment of Value Added Tax Act [Chapter 23:12] 29 Amendment of section 2 of Cap. 23:12 Section 2 (“Interpretation”) of the Value Added Tax Act [Chapter 23:12] is amended in subsection (1)— (a) in the definition of “commercial rental establishment” by the repeal of paragraph (d); (b) by the repeal of the definition of “financial services” and the substitution of— “ “financial services” means⎯ (a) any service provided by a banking institution registered or required to be registered in terms of the Banking Act [Chapter 24:20]; or (b) any service provided by a building society registered or required to be registered in terms of the Building Societies Act [Chapter 24:02]; or (c) the exchange of banknotes or other currency of any country, except where they are to be used as collectors’ items; or (d) the provision of any deposit, loan or credit, including the provision of any guarantee, indemnity, security or bond in respect of the performance of obligations related to a deposit, loan or credit; or (e) the issue or transfer of ownership of any share in a company or interest in a private business corporation; or (f) services rendered by an insurer registered in terms of the Insurance Act [Chapter 24:07]; or (g) the services of an actuary, insurance agent or insurance broker, as defined in the Insurance Act [Chapter 24:07], to the extent that those services are rendered to or on behalf of an insurer registered in terms of the Insurance Act [Chapter 24:07] or to or on behalf of a pension fund registered in terms of the Pension and Provident Funds Act [Chapter 24:09];” (c) by the insertion of the following definitions—