News / National
Zimra moves on tax evaders
16 Sep 2015 at 07:53hrs | Views
The Zimbabwe Revenue Authority (Zimra) is working on a real-time invoice management system, as it moves to net tax evaders.
A Chinese IT firm, Inspur, is set to complete the pilot project on invoice management that will see more transparency in revenue collection.
The move is set to increase the tax base as it will target all companies, Zimra board chairperson Willia Bonyongwe said yesterday.
The Chinese company is providing a more comprehensive invoice management system which will, for a while, run parallel to the fiscal machines, which the big companies are already on.
"There will be integration at some point in the future. The project will be completed in October 2015," she said.
The pilot project began early this year. Bonyongwe said the invoice management system will net tax evaders, reduce corruption as it is real time and aid planners because it projects revenue accurately.
Source - newsday
