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Zimra owed $2.8 billion in unpaid taxes

by Staff reporter
10 May 2017 at 07:10hrs | Views
The Zimbabwe Revenue Authority (Zimra) is currently owed $2,8 billion in unpaid taxes as companies continue defaulting due to several reasons, an official has said.

Zimra acting commissioner general Happias Kuzvinzwa told media practitioners at a media workshop in Bulawayo on Monday that the level of debt in Zimbabwe was overwhelming.

Kuzvinzwa said it has been observed that tax debt consists mainly of non-remittance of value-added-tax (VAT) and pay-as-you-earn (PAYE), which would have been paid or accrued to the taxpayer in the course of the business in the tax period.

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Source - Newsday
More on: #Zimra, #Taxes, #Billions