HARARE, January 10 (The Source) – Border Timbers is hoping to have at least $5 million in tax penalties written off, and allow it to enter into a scheme of arrangement with creditors and eventually come out of judicial management.
HARARE, October 19 (The Source) – Zimbabwe’s gross revenue collections in the quarter ended September amounted to $1,03 billion surpassing the target of $863 million by 19 percent, the tax agency said on Thursday.
HARARE, October 16 (The Source) – Zimbabwe’s tax agency says it is only collecting about 30 percent of potential revenue as tax compliance remains a challenge.
By Almot Maqolo, HARARE, October 13 (The Source) – Zimbabwe’s tax agency says it expects to surpass the $3,7 billion revenue target by at least 15 percent, as it ups collection efforts.
HARARE, October 11 (The Source)- Zimbabwe’s tax agency has this year registered 14,000 small to medium enterprises (SMEs) with the small businesses contributing about 25 percent to the fiscus, an official said on Wednesday. SMEs minister, Sthembiso Nyoni told a press conference on Wednesday that… Read More
HARARE, August 29 (The Source) – Zimbabwe’s tax agency says it is lobbying for new legislation which will see tax evaders being handed stiffer penalties, as the country which solely relies on tax to fund its operations tries to shore up revenue collections. Zimbabwe Revenue… Read More
By Plaxedes Sibanda, HARARE, July 31 (The Source) – Zimbabwe’s energy regulator will go ahead with plans to introduce mandatory fuel marking which it says will curb rampant fuel smuggling which is prejudicing the country of an estimated $1 billion annually in unpaid taxes. The… Read More
MUTARE, January 18 (The Source) – Local authorities have accused tax collector, the Zimbabwe Revenue Authority (Zimra) of pouncing on council funds meant for road rehabilitation. The local authorities have come under fire over allegations that they were diverting road maintenance funds disbursed by the… Read More
HARARE, January 18 (The Source)- Zimbabwe’s tax agency says it is investigating an unusual increase in tax refunds paid out in the second half of the year which it blames for a seven percent decline in annual revenue collections. The Zimbabwe Revenue Authority (ZIMRA) on… Read More
HARARE, November 18 (The Source) – An overwhelming majority of Zimbabwe’s businesses perceive the police, state procurement board and tax collector to be the country’s most corrupt government agencies, according to a survey conducted by three industry bodies. A recent Transparency International report estimated that… Read More
HARARE, October 14 (The Source)- Zimbabwe’s tax agency says gross revenue collections in the quarter to September at $919 million surpassed the target of $917 million on the back of enhanced enforcement. Taxes fund the southern African country’s entire budget after multilateral funders like the… Read More
HARARE, August 1 (The Source) – Zimbabwe’s tax agency says it missed the government’s revenue collection target by six percent in the six months to June, as the economy continues to struggle. The first half’s revenue collection was 9.31 percent lower than last year’s figure.… Read More
HARARE, May 12 (The Source) – Zimbabwe’s tax agency says net revenue collections in the first quarter of the year were 16 percent below target at $724 million, as most tax heads underperformed in the struggling economy. The Zimbabwe Revenue Authority (ZIMRA) on Thursday reported… Read More
HARARE, March 30 (The Source) – Standard Chartered Bank Zimbabwe has taken the country’s revenue authority to court after a disputed $4 million tax adjustment forced a 94 percent decline in the bank’s net profit in the full-year to December 31. Standard Chartered, the oldest… Read More
BULAWAYO, January 13 (The Source) – Zimbabwe imported about 1,5 million kilogrammes of chicken valued at $800,000 from South Africa between January and September last year, figures not captured in official statistics, the Zimbabwe Poultry Association (ZPA) has said. The association further charges that the… Read More