Zimra surpasses revenue target

Source: Zimra surpasses revenue target – DailyNews Live

BUSINESS WRITER  14 July 2017

HARARE – Zimbabwe’s tax agency Zimra has said it exceeded its 2017 second
quarter revenue target by over 9 percent, as the economic outlook became
positive, buoyed by the good agricultural season and a battery of measures
to stimulate investment, exports and production.

Zimra chairperson Willia Bonyongwe said in a statement the agency
collected $926,96 million in taxes between April and June 2017 compared to
a target of $843,16 million.

“The major performing tax heads were company tax; dividends, fees,
interest and remittances; customs duty; excise duty; and mining royalties.

“The level of refunds soared in June 2017 and this will be investigated,”
Bonyongwe said

The Zimra board chairperson, however, said the tax agency was owed $3
billion at end of June, from $2,67 billion in January amid an intensifying
dollar crisis.

The tax authority has been bankrolling government expenditure. – Staff
Writer

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    jono 2 weeks

    Crazy and outrageous. In any functioning country the less tax fleeced from it’s citizens the better for the country. Not in Zimbabwe. A very small fraction of this goes onto infrastructure. Most goes to fat cat politicians and dead wood civil servants and ghost workers, not excluding foreign travel and medical visits for ‘his excellency’
    Headlines like this should result in condemnation, yet it is somehow presented as ‘well done’