Zimbabwe Revenue Authority (ZIMRA)
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Markets
ZIMRA loses over US$100 million to tax evaders
THE Zimbabwe Revenue Authority (ZIMRA) has lost over US$100 million through tax evasion and is now piling pressure on tax evaders. According to the latest update issued by the tax agency, collections for this year went up by over one hundred percent as a result of strict and tighter measures to plug tax evasion. With the second republic dealing with…
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Courts and Law
Harare businessman in US$390,000 import duty fraud scam
The Zimbabwe Anti-Corruption Commission (ZACC) has arrested Harare businessman Trust Chiro for fraud after three of his trucks were intercepted at Zindoga Shopping Centre in Waterfalls by the Zimbabwe Revenue Authority (ZIMRA) for allegedly failing to pay import duty. The whereabouts of two other trucks is still unknown, while his business partner Forget Muguza is still at large. Chiro is…
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Companies
ZIMRA surpasses tax collection target
THE Zimbabwe Revenue Authority surpassed its target for the second quarter of the year as measures to improve monitoring took effect and businesses reopened. Zimra retrieved 109 billion Zimbabwean dollars (US$1.3 billion) for the period, 16% more revenue than expected, Josephine Magombo, the authority’s vice board chairman, said in a statement. Over the last three months, Zimra carried out more…
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