Tax reforms loom

Tax reforms loom
Published: 13 September 2018
The Zimbabwe Revenue Authority (Zimra) has called on taxpayers to take advantage of the 2019 national budget consultations that are expected to commence soon, to propose changes, if any, to some sections of the tax system to encourage voluntary compliance.

This was said by Zimra Commissioner General Ms Faith Mazani last week during a breakfast meeting organised for players in the telecommunications sector.

Ms Mazani said at the moment, compliance levels were "at a low level", resulting in a ballooning tax debt.

As at May 31, 2018, Zimra was owed $4,3 billion by taxpayers and Ms Mazani said it was almost "uncollectable".

The principal debt was $2,2 billion while penalty was just over $981 million and interest accrued was $1,18 billion.

Ms Mazani, a firebrand and internationally respected tax officer, suspects some taxpayers are defaulting on their tax obligations due to the policy system.
- The Herald
Tags: Tax,


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